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BUS 309 Week 5 Quiz 'The Nature of Capitalism' and 'Corporations' - Strayer University NEW Version
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BUS 309 Week 5 Quiz 'The Nature of Capitalism' and 'Corporations'
What we know as “capitalism” did not fully emerge until
The Renaissance
The Industrial Revolution
The Modern Era
The Revolutionary Period
Capitalism that is based on mutual dependence between state and commercial interests is known as
State welfare capitalism
Monopoly capitalism
Industrial capitalism
Mercantile capitalism
The type of capitalism that was ushered in during the Great Depression is
State welfare capitalism
Monopoly capitalism
Industrial capitalism
Mercantile capitalism
What did Smith think was the regulator that keeps a community activated by self-interest stable?
The law
Free competition
Altruism
Personal morality
Capital is
Money invested for the purpose of making more money
The machinery and equipment of a plant
Cash held in case of emergency
Government backed currency
Who is known for developing the concept of the invisible hand?
Locke
Hume
Marx
Smith
Adam Smith held that humans have a natural propensity to
Truck, barter, and exchange
To engage in illicit behavior
To seek revenge on profit-seekers
To try to outsmart each other
Unlike other species, we have an almost constant...