Organising an Economy

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1. 
What did the Washington Consensus suggest about trade?

2. 
What term became linked to the Washington Consensus?

3. 
What was China’s 1985 policy called?

4. 
What did Adam Smith call the market’s self-regulating force?

5. 
What did Adam Smith say was needed for a market economy to work well?

6. 
How did communist economies differ from socialist ones?

7. 
What idea did the Washington Consensus seem to revive?

8. 
Who wrote the book that started the capitalistic economy?

9. 
What is the name of Japan’s interventionist economic policy?

10. 
What term did Oscar Lange create for his economic idea?

11. 
What did the Soviet Union call its market socialism efforts?

12. 
Which country first tried market socialism under communism?

13. 
What did the Washington Consensus suggest for public spending?

14. 
What did Adam Smith’s ‘laissez-faire’ idea mean?

15. 
Who developed the ideas that led to the state economy?

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