Cap exam Questions and Answers(GRADED A)

Laissez-faire - ANSWER-Governments policy to allow the economy to operate with no government intervention Strike breakers - ANSWER-"Scab" workers hired by management during a labor strike. Capitilism - ANSWER-Economic system supporting the idea of a free market system with private ownership of raw materials, production,and profit Strike - ANSWER-Labor tactic to walk away from work as a demand for better working conditions. Lockout - ANSWER-Management tactic to keep workers away from work Communisim - ANSWER-Economic system in which the government controls all aspects of the economy including resources,labor,production,distribution. Naturalism - ANSWER-The belief that native born Americans were better than newly arrived immigrants. Andrew Carnige - ANSWER-Business magnate who developed United States Steel Company. Karl Marx - ANSWER-German Economists and philosopher the rich and poor in his book Communist Manifesto.