In the Context of Factors of Production, Which of the Following

question 143

Multiple Choice

In the context of factors of production, which of the following is most likely to result in a decrease in entrepreneurial activities?

• A) High taxation
• B) Limited regulation
• C) An increase in global trading
• D) Private ownership of the means of production

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.