Econ Lecture Communism
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Econ Lecture Communism
What is ACORN?
a group in last years election that tried to get lower income people to be able to vote
Who is Joe to Plumber and what did he do?
Joe the Plumber ambushed Obama pretending to be a plumber and lying about things to make Obama look bad
Who get using the term "Joe the Plumber?"
Why do we study command economies?
because by looking a a different mentality it helps us look at ours differently
Karl Marx was also called what?
father of scientific socialism
Karl Marx was a what?
German Economist and Socialist
We used to call Karl Marx what and now we call him what?
We used to call Karl Marx a scientific socialist but now he is known for Marxism or communism
Socialism is kind of what?
What is communism light?
where you are a socialist that is close to communism but not all the way
Marx's extensive studies convinced him that man's quality of life is virtually always determined by what?
the economic system in which man lives
This emphasis on production of material items is why some people call his philosophy what?
To who is Marx an enemy?
Who was Marx influenced by?
When did Engels meet Marx?
Which people closed out the USSR?
Brezhnev, Andropov; Chernenko, and Gorbachev
What is the order of the chart that was shown in the powerpoint?
Marx and Engles to Lenin to Trotsky and Stalin to Khrushchev
When were they asked to produce a communist manifesto?
What is surplus value?
Marx's idea of the difference between how the worker is paid and how much the work is worth.
In a capitalist system that extra part if it goes to?
the capitalist system
What is cooperation?
the idea of working toward a common goal
What is collectivization?
the idea that collectively you are stronger
What example is used for collectivization?
what is collective business?
a collective farm in a command economy that shares the talents of all on the collective to reach "common goals"
What is public ownership of property?
state ownership of all property allows for control of resources including human labor
what are we obsessed with?
what is the communist idea of equality?
all members should have the same opportunity to share in the wealth and produce of the land
True or false: Marxism is dead and has been since 1991
True or false: Marxism was a massive set-bak in 1991
Marx clearly underestimated the power of what?
What are the 3 questions for any economic system?
What is produced? How is it produced? For whom is it produced?
What are the 3 factors of production?
Land, labour and capital
In America what is the fourth factor of production?
What is an example of natural resources and naturally-occurring goods?
soil and minerals
What is Labour in the 3 factors of production?
Human effort used in production
what is another name for capital goods?
"means of production"
What are human-made goods used in?
the production of other goods. including tools and buildings
What does the entrepreneur do in the 3 factors of production
A risk-taker to initiate, create and manage jobs
True or False.. The Communist Party USA is very popular today and is allowed to exist in USA in 2014?