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Liberalism, Socialism, and Communism Quiz

The following questions are based on the article: Liberalism, Socialism, and Marxism.

1. What French phrase is commonly used to refer to a free market system?
caveate emptor
laissez faire
que sera, sera
tabula rasa

2. Who concocted the "Iron Law of Wages" which said that wages could not stay above subsistence levels for long?
David Ricardo
David Hume
Adam Smith
Jeremy Bentham

3. Who predicted that population levels would rise faster than the food supply?
Alfred Marshall
Frank Knight
Blaise Pascal
Thomas Malthus

4. Who devised the philosophy known as Utilitarianism?
Ned Ludd
John Stuart Mill
Jeremy Bentham
Arthur Conan Doyle

5. What was the name of the socialist community that Robert Owen set up in Indiana?
New Bedford
City on a Hill
New Harmony
New Caledonia

6. What French philosopher advocated the violent overthrow of the government in order to wrest control of the means of production from the middle class?
Auguste Blanqui
Jean Jacques Rousseau
Jean Paul Sartre
Montaigne

7. What does the labor theory of value state?
Labor is to get money.
The value of an item is equivalent to the amount of work put into getting it.
Labor must be difficult to be valuable.
People should be paid according the the value of their labor.

8. Marx based his ideas about the class struggle on what Romantic Period philosopher's idea called the dialectic?
Adam Smith
Immanuel Kant
Friedrich Hegel
Treaty of Westphalia


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