20th Century Ideologies and Economic Transformations Quiz

Test your knowledge on Marxism, economic theories, and global events of the 20th century with this quiz. Explore questions on key figures, ideologies, and economic transformations.

#1

Which ideology advocates for the abolition of private property and classless society?

Capitalism
Socialism
Communism
Fascism
#2

Who wrote the famous book 'The Wealth of Nations,' which laid the foundation of modern economics?

Karl Marx
Adam Smith
John Maynard Keynes
Friedrich Hayek
#3

Which economic system is characterized by government ownership of major industries and centralized planning?

Capitalism
Socialism
Communism
Mixed economy
#4

Which 20th-century event is often considered a key turning point in the rise of globalization?

World War I
Russian Revolution
Great Depression
End of the Cold War
#5

Which economic theory advocates for minimal government intervention in the economy and emphasizes free markets and individual liberty?

Keynesian economics
Monetarism
Neoliberalism
Marxism
#6

Who was the leader of the Soviet Union during the period of perestroika and glasnost?

Vladimir Putin
Leonid Brezhnev
Mikhail Gorbachev
Joseph Stalin
#7

Which country experienced the 'Miracle on the Han River,' transforming from a war-torn nation into an economic powerhouse in the latter half of the 20th century?

China
Japan
South Korea
Vietnam
#8

Who authored the influential work 'Das Kapital,' which laid out the foundations of Marxist economic theory?

Friedrich Engels
Karl Marx
Vladimir Lenin
Joseph Stalin
#9

Who coined the term 'Third World' to describe countries that were not aligned with either NATO or the Communist Bloc during the Cold War?

Winston Churchill
Franklin D. Roosevelt
Jawaharlal Nehru
Alfred Sauvy
#10

Who introduced the concept of 'creative destruction' to explain the process of economic innovation and transformation?

John Maynard Keynes
Friedrich Hayek
Joseph Schumpeter
Karl Marx
#11

Which 20th-century event marked the beginning of widespread decolonization across Africa and Asia?

Berlin Conference
World War I
Suez Crisis
Bandung Conference
#12

Who developed the theory of comparative advantage, which argues that countries should specialize in producing goods they can produce most efficiently relative to other countries?

John Maynard Keynes
Adam Smith
David Ricardo
Milton Friedman
#13

What was the name of the economic plan implemented by the Soviet Union in the 1920s to transition from a primarily agrarian economy to industrialization?

Great Leap Forward
New Economic Policy
Five-Year Plans
Perestroika
#14

Who introduced the concept of 'the tragedy of the commons' to describe the depletion of shared resources due to individual self-interest?

Garrett Hardin
Elinor Ostrom
Robert Malthus
Adam Smith

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