The communist version of socialism reached its peak in the Blank_ was in a state of collapse. Multiple choice question. 1920s; 1960s 1950s; 1980s 2000s; 2010s 1970s; 1990s _ and by the Blank it

What is meant by the terminology “welfare state”?  What was the increased role of government with the administration of FDR’s New Deal programs?  How did the actions of FDR’s “priming the pump”/Keynesian economics compare with the “trickle down” economics of Herbert Hoover?  Why did some of Roosevelt’s contemporaries think that he went too far while others thought that he did not go far enough?   What have been the legacies (socioeconomic, political, and cultural legacies) of the New Deal, especially the so-called “welfare state” programs?   Do you view those legacies as mostly positive or negative?

c) Economic crises d) All of the above 30. Ashley's economic philosophy can be best described as: a) Libertarian b) Interventionist c) Conservative d) Progressive

Adam Smith is the thinker who is considered the founder of communism.  Group of answer choices True False

How far Thorstein Veblen provided constructive criticism of mainstream economics and to what extent it was different as compared to the Marxist critique of capitalism.

Are there any reasons why Smith's model of capitalism might not be a successful argument in favor of the free-market system? Explain.

Modern economic models sometimes require strong assumptions. What do you think are some of the trade-offs between a more rigorous, logically cohesive model with strong assumptions but clear inferences and a description of problems followed by a verbal discussion of possible implications? The o-ring and big push models are based on which of these  approaches?

Marx’s historical materialism created a revolution in political economy. Why? Identify and summarize 3 arguments.

Compare laissez-faire (classical school of thought) vs Keynesian economics

Why is instability of capitalism such as, recession, a struggle for many?