PLEASE!! This one about Karl Marx and some other questions. PLEASE!?

Question

1. Adam Smith wrote a book about

a)how market economies work

b)the circular flow model of money

c)the market clearing price

d)balancing opportunity costs

2.Which of the following statements about "competition" is true?

a)Competition guarantees a profit for each competitor

b)Competition is based upon a surplus of goods and services

c)Competition keeps producers from charging prices that are too high

d)Competition only works in a resource market, not a product market

3. Which of the following ideas did Karl Marx believe?

a)Workers should run the factories to make their lives better

b)Workers and owners would cooperate for profit

c)Workers shouldn't use force to get what they wanted

d)Factory owners should have most of the wealth

4. Which of the following statements about socialism is false?

a) people still make economic decisions

b)people can own private property

c)the government owns some large industries such as health care and the railroads.

d)government tells people where to work

Answer 1

1. a, the first book on modern economics

2. c, if you can lower your price, you can capture the entire market, so the profit incentive pushes prices down

3. pretty sure it's a, he believed in rule by the working class

4. b, in socialism, the government owns all property

Answer 2

1.a

2.c

3.a

4.c.  Under socialism the government owns ALL means of production.