Chapter 23
Test Review
Vocabulary Terms (2 Points Each)
•
•
•
•
•
Bourgeoisie
Capital
Collectivization
Command Economy
Five-Year Plans
• Laws of Supply and
Demand
• Market Economy
• Monopoly
• Proletariat
• Welfare State
Short Answer (2 Points Each)
• Market Economy / Free Enterprise System
• Entrepreneur / Capitalist
• Welfare State / Command Economy
Multiple Choice (4 Points Each)
• How are command economies
characterized?
• What is the laissez-faire theory’s take on
governmental control of the economy?
• How is the United States economic system
classified?
• What are the distinctive features of
Capitalism?
Multiple Choice (4 Points Each)
• What events put the communist theory into
practice in the Soviet Union?
• How did Marx view the class struggles in
human history?
• What are the basic factors of production?
• What are the basic ideas behind capitalism,
socialism, and communism?
Multiple Choice (4 Points Each)
• What are the major criticisms of Socialism and
Capitalism?
• How do corporations, partnerships, and sole
proprietorships differ?
• How did Gorbachev’s program help “collapse”
communism in the Soviet Union?
• How was the earliest form of socialist doctrine
developed?
Critical Thinking (10 Points Each)
• How did Lenin’s New Economic Policy
depart from Marx’s theory of Communism?
• You have read about some of the effects of
capitalism on Soviet communism. Do you
think the American economic system in any
way reflects the influence of evolutionary
socialism? Explain your answer.