Capitalism

Question 1

How are wages usually determined in a capitalist economy?

Revolt · Accepted Answer

by supply and demand

Question 2

According to Smith, what is the primary economic motivation for most people?

Revolt · Accepted Answer

self-interest

Question 3

According to the passage, how do people pursuing self-interest benefit society?

Revolt · Accepted Answer

People will seek out the highest-paying jobs, and these benefit society most

Question 4

According to this passage, Emerson sees demand and supply as

Revolt · Accepted Answer

a principle that keeps the economy stable.

Question 5

Which line from the passage suggests that Emerson believes that hardworking individuals succeed in a capitalist society?

Revolt · Accepted Answer

“Property rushes from the idle . . . to the industrious.”

Question 6

According to the passage, what is the greatest benefit of capitalism?

Revolt · Accepted Answer

It offers people a sense of freedom.

Question 7

In the passage, the author uses the phrase “franchise and free agency” to refer to

Revolt · Accepted Answer

the right to decide what economic opportunities to pursue.

Question 8

What do the arguments that Smith, Emerson, and Butters present about capitalism have in common?

Revolt · Accepted Answer

All see capitalism as empowering people to take control of their lives.

Capitalism Answers