Historical Materialism and Political Economy - The Economy

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Historical Materialism and Political Economy - The Economy

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Vijo Gor

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Historical Materialism and Political Economy - The Economy


Historical Materialism and Political Economy - The EconomyOnline version Historical Materialism and Political Economy - The Economy by Vijo Gor 1 What is an economy? a A system where people produce, divide and consume goods b A system focused on money and trade c Another word for economic system d A system of government and laws 2 What is an economic system? a Any system in which people produce, divide and consume everything they need for survival, growth and reproduction b Any system where people trade money and goods c Any system where markets decide prices d Any system where governments control production 3 What is the dominant economic system in the world today? a Capitalism b Socialism c A classless system d Feudalism 4 What is capitalism? (first level of understanding) a An economic system focused on sharing resources b An economic system where the ruling class are capitalists, using capital to maintain and expand their wealth and power c An economic system where workers own the means of production d An economic system without classes 5 What is capitalism? (second level of understanding) a An economic system where profits are limited b An economic system where workers are not exploited c An economic system where wealth is shared equally d An economic system where the ruling class owns all the means of production, exploits the workers, and is focused on making profits no matter what, using capital to maintain and expand their wealth and power 6 What is capital? (first level of understanding) a Goods people consume b Money paid as wages c Natural resources d Tools and machines used in production 7 What is capital? (second level of understanding) a Goods used for survival b Another word for means of production owned by the capitalist class used to make more wealth c Wealth shared by society d Money people earn from wages 8 Who is the ruling class today? a The middle class b The political class c The proletariat d The capitalist class 9 What is a capitalist? (first level of understanding) a A worker who sells labor b A government official c A person who consumes goods d A ruling class person or business who owns capital 10 What is a capitalist? (second level of understanding) a A person who shares surplus b A person who manages production c A ruling class person or business who owns capital to make more wealth (in the form of profit) d A person who works for a wage 11 How much do the 100 richest capitalists own (roughly)? a About $1 trillion b About $45 billion c About $4.5 trillion d About $450 billion 12 How much money is $4.5 trillion, really? a $45,000,000,000 b $4,500,000,000 c $4,500,000,000,000 d $450,000,000,000 13 What could you do with all that money? a End extreme poverty worldwide for multiple years b Pay wages to capitalists c Expand markets d Increase profits further 14 Who is the proletariat? (first level of understanding) a The working class b The political class c The ruling class d The capitalist class 15 Who is the proletariat? (second level of understanding) a All those who do not own the means of production and are the oppressed and exploited class b Those who own the means of production c Those who own capital d Those who control profits 16 What is a surplus? a The total wealth of society b Extra amount of something, more than what is needed c Tools used in production d Money paid as wages 17 What is exploitation? (first level of understanding) a Workers choosing their labor b Equal sharing of wealth c Workers controlling production d The ruling class taking control of the surplus that workers create 18 What is exploitation? (second level of understanding) a When labor is voluntary b When workers are paid fairly c When workers are made to work hard by someone else and not given what they deserve for that work d When profits are shared 19 Does everyone benefit equally from capitalism? a Yes, workers and capitalists benefit the same b Yes, everyone benefits equally c No, capitalists are getting very rich through exploitation, while workers are exploited d No, because workers own capital

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Historical Materialism and Political Economy - The Economy

Quiz

About this activity

Created by

Download the paper version to play

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Historical Materialism and Political Economy - The EconomyOnline version

by Vijo Gor

What is an economy?

What is an economic system?

What is the dominant economic system in the world today?

What is capitalism? (first level of understanding)

What is capitalism? (second level of understanding)

What is capital? (first level of understanding)

What is capital? (second level of understanding)

Who is the ruling class today?

What is a capitalist? (first level of understanding)

What is a capitalist? (second level of understanding)

How much do the 100 richest capitalists own (roughly)?

How much money is $4.5 trillion, really?

What could you do with all that money?

Who is the proletariat? (first level of understanding)

Who is the proletariat? (second level of understanding)

What is a surplus?

What is exploitation? (first level of understanding)

What is exploitation? (second level of understanding)

Does everyone benefit equally from capitalism?