Difference Between Socialism and Communism

Homework Solutions -----------------------------------------------------------Question 1 (2 points) Listen At the most basic level, the differences between most socialistic theories and communism are as follows: Question 1 options: Communists reject all forms of capitalism; most socialists do not. Communists want a world-wide revolution to sweep away the bourgeoisie and lift up the proletariat; most socialists favor democratic means to achieve power. Communists reject all private property; most socialists do not. All of these answers are correct. Question 2 (2 points) Listen According to Inequality for All, who are the chief beneficiaries (winners) in the modern U.S. economy? Question 2 options: Consumers Investors Executives B and C are correct All of these answers are correct Question 3 (2 points) Listen Which New Deal legislation allowed the President to regulate business in the U.S. in order to raise prices? Question 3 options: The Public Utility Holding Company Act The National Industrial Recovery Act The Federal Credit Union Act None of these answers Question 4 (2 points) Listen Which statement best describes the chief difference between Roosevelt's and Hoover's approaches to combating the Great Depression? Question 4 options: Roosevelt advocated an active government role Roosevelt encouraged Americans to voluntarily help None of these answers Roosevelt supported a laissez-faire economic policy Question 5 (2 points) Listen Which New Deal critic was a governor and Congressman who advocated a more radical distribution of wealth? Question 5 options: Huey Long Charles Coughlin Francis Townsend None of these answers Question 6 (2 points) Listen According to Inequality for All, between 1997 and 2007, what was the fastest growing section of the U.S. economy? Question 6 options: Finance Manufacturing Technology Both A and C are correct None of these answers are correct Question 7 (2 points) Listen According to the BBC documentary The Great Depression, what figure changed the face of the financial world by marketing corporate bonds and common stocks to ordinary Americans? Question 7 options: Pat Bologna Charles Schwab Charles Mitchell Joseph Kennedy Question 8 (2 points) Listen Which of these answers has the events in the proper chronological order going left to right (oldest to most recent)? Question 8 options: Archduke Franz Ferdinand is assassinated, Wilson gives his "Peace Without Victory" speech to Congress, the case of Schenck v. United States went to the U.S. Supreme Court, Treaty of Versailles ends World War I German Uboat sinks the Lusitania, Wilson gives his "Peace Without Victory" speech to Congress, Year of the Red Summer in the U.S., Russian Revolution occurs Spanish Flu epidemic, Wilson gives his "Peace Without Victory" speech to Congress, Arthur Zimmerman telegram to Mexico intercepted, Treaty of Versailles ends World War I Archduke Franz Ferdinand assassinated, Russian Revolution occurs, German U-boat sinks the Lusitania, enough states ratify the constitutional amendment giving women the vote nationally None of these answers are correct Question 9 (2 points) Listen According to Robert Reich in Inequality of All, what percentage of the manufacturing of a standard iPhone takes place within the U.S. AND what country manufactures the largest percentage? Question 9 options: 6% in the U.S. and the majority in China 6% in the U.S. and the majority in Japan 6% in the U.S. and the majority in South Korea None of these answers Question 10 (2 points) Listen Stalin pursued a policy of collectivization that was designed to do the following: Question 10 options: Do away with private land ownership All of these answers are correct Increase food production Enable excess farm labor to be used in industrialization projects -----------------------------------------------------------Question 1 The differences between most socialistic theories and communism can be summarized as follows:    Communists reject all forms of capitalism; most socialists do not. Communists want a world-wide revolution to sweep away the bourgeoisie and lift up the proletariat; most socialists favor democratic means to achieve power. Communists reject all private property; most socialists do not. Answer: All of these answers are correct. Question 2 According to Inequality for All, the chief beneficiaries in the modern U.S. economy are:    Consumers Investors Executives Answer: B and C are correct. Question 3 The New Deal legislation that allowed the President to regulate business in the U.S. to raise prices was:    The Public Utility Holding Company Act The National Industrial Recovery Act The Federal Credit Union Act Answer: The National Industrial Recovery Act. Question 4 The chief difference between Roosevelt's and Hoover's approaches to combating the Great Depression is:    Roosevelt advocated an active government role. Roosevelt encouraged Americans to voluntarily help. Roosevelt supported a laissez-faire economic policy. Answer: Roosevelt advocated an active government role. Question 5 The New Deal critic who was a governor and Congressman advocating for a radical distribution of wealth was:    Huey Long Charles Coughlin Francis Townsend Answer: Huey Long. Question 6 According to Inequality for All, the fastest growing section of the U.S. economy between 1997 and 2007 was:    Finance Manufacturing Technology Answer: Both A and C are correct. Question 7 According to the BBC documentary The Great Depression, the figure who changed the face of the financial world by marketing corporate bonds and common stocks to ordinary Americans was:     Pat Bologna Charles Schwab Charles Mitchell Joseph Kennedy Answer: Charles Schwab. Question 8 The correct chronological order of the events is:     Archduke Franz Ferdinand is assassinated Wilson gives his "Peace Without Victory" speech to Congress The case of Schenck v. United States went to the U.S. Supreme Court Treaty of Versailles ends World War I Answer: None of these answers are correct. Question 9 According to Robert Reich in Inequality for All, the manufacturing of a standard iPhone takes place as follows:   6% in the U.S. The majority in China Answer: 6% in the U.S. and the majority in China. Question 10 Stalin's policy of collectivization was designed to:    Do away with private land ownership Increase food production Enable excess farm labor to be used in industrialization projects Answer: All of these answers are correct.