In What Type of Economy Are All Businesses State-Owned, the Rationale

question 53

Multiple Choice

In what type of economy are all businesses state-owned, the rationale being that the government can then direct them to make investments that are in the best interests of the nation as a whole rather than in the interests of private individuals?

• A) free market
• B) deregulated
• C) pure command
• D) mixed
• E) laissez-faire

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Definitions:

Insecure

Being insecure involves feelings of uncertainty or anxiety about oneself, often reflecting a lack of confidence or assurance in one's abilities or value.

Behaviorism

A branch of psychology that focuses on observable behaviors rather than on internal processes such as thoughts and feelings.

Cognitive Mechanisms

Mental processes that enable understanding, analysis, decision-making, and learning, influencing how individuals perceive and interact with the world.

Free Will

The concept that humans have the ability to make choices that are not predetermined by past events or natural laws.