Exploring Historical and Economic Concepts
6 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which revolution marked the transition from manual labor to machine-based manufacturing?

  • Agricultural Revolution
  • Industrial Revolution (correct)
  • Assembly Line Revolution
  • Mass Production Revolution
  • Who is often referred to as the father of modern economics?

  • Karl Marx
  • Karl Smith
  • Otto Von Bismarck
  • Adam Smith (correct)
  • Which ideology advocates for the collective ownership of the means of production and the absence of social classes?

  • Capitalism
  • Mercantilism
  • Communism (correct)
  • Socialism
  • During the Industrial Revolution, which invention played a crucial role in the development of mass production and assembly line?

    <p>Steam engine</p> Signup and view all the answers

    Which economic system is characterized by private ownership of the means of production, free market competition, and profit motive?

    <p>Capitalism</p> Signup and view all the answers

    Which German statesman played a significant role in the unification of Germany and the establishment of the German Empire in the late 19th century?

    <p>Otto von Bismarck</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Browser