Self Evaluation
  Lecture 16: Capitalism, Socialism, and Mixed Economy

Lecture 16 Self evaluation

Instructions: Please read the following instructions carefully before writing your answers:

1) Each question carries 1 mark.

2) There are ten names/phrases/statements against each concept out of which only one is the most appropriate matching name/phrase/statement. Identify it by writing the Sl. No. of the phrase/statement as the most appropriate alternative.

3) If a question is answered wrongly or more than one answers are marked, 0.20 marks will be deducted for each such question.

Match the entries in Column 2 with Arguments in Column 3.

Sl. No.

Column 2: Concept

Column 3: Name/Phrase/statement

Alternative

1.

An economic system based on competition cannot survive for long and that it will not be able to absorb demand for its continuously rising production.

Validity of private property

 
2. The belief that man is essentially good but he has been corrupted by evil institutions. Socialists  
3.

Christian socialism

Spiegel  
4. Capitalism Godwin  
5. The fall of Soviet system, end of communism in Eastern Europe, and balkanization of Yugoslavia

Ricardo