What Theory Is Based on the Idea That the Two

question 81

Multiple Choice

What theory is based on the idea that the two economic systems - capitalism and socialism - will eventually adopt features of one another until there is a hybrid economic system in all societies?

• A) convergence theory
• B) transformation theory
• C) Marxism
• D) welfare capitalism

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Definitions:

Morally Wrong

Actions or decisions that are considered unethical or evil based on moral principles or societal norms.

Ethical Imperatives

Moral obligations or commands that are viewed as universally true and guiding principles of behavior.

Comparative Reasoning

The process of using what is more familiar to make interpretations, explanations, or inferences about what is less familiar.

Ideological Reasoning

The process of thinking that begins with abstractions or generalizations that express one’s core beliefs, concepts, values, or principles and proceeds to reason top down to specific applications. Ideological reasoning is deductive and axiomatic. The argument maker takes the ideological premises on faith.