Bus 309 Week 5 Quiz 'the Nature of Capitalism' and 'Corporations' - Strayer University New Version

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...