Challenges of Industrial Economies Quiz
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Questions and Answers

What are the two alternatives to achieve a higher standard of living?

  • Abolishing private property entirely
  • Preserving political liberty
  • Invading the rights of private property in capital
  • Resorting to principles of charity and welfare (correct)

    • Which alternative is considered morally and humanly better?

  • Preserving political liberty
  • Abolishing private property entirely
  • Invading the rights of private property in capital
  • Resorting to principles of charity and welfare (correct)

    • What does a just organization of the economy preserve?

  • Political liberty
  • Individual freedom
  • Economic welfare
  • All of the above (correct)

    • What problem does an industrial economy face in relation to consumption?

    <p>The problem of maintaining a level of consumption adequate to increasing levels of productiveness</p> Signup and view all the answers

    What did Karl Marx predict would happen to capitalism?

    <p>It would lead to economic crises and the collapse of capitalism</p> Signup and view all the answers

    What is necessary to solve the problem of overproduction and underconsumption in an industrial economy?

    <p>An increase in the standard of living</p> Signup and view all the answers

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