According to the Text, an Economy Dominated by Many Small

question 8

Multiple Choice

According to the text, an economy dominated by many small firms that produce for local markets is called

• A) competitive capitalism.
• B) corporate capitalism.
• C) extreme market capitalism.
• D) market fundamentalism.
• E) New Deal capitalism.

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Definitions:

Huang Gongwang

A Chinese painter during the Yuan Dynasty, known for his contributions to the landscape painting genre.

Yuan Dynasty

A dynasty in China that lasted from 1271 to 1368, established by Kublai Khan, marking the first time the entire country was ruled by a foreign power.

Auspicious Objects

Items or symbols considered to bring good luck, prosperity, or positive outcomes, often used in cultural rituals and ceremonies.

Court Painter

An artist who held an official position in a royal or noble household, responsible for creating portraits and other artwork for the monarch or nobility.