Which of the Following Is the Best Description of Capitalism

question 90

Multiple Choice

Which of the following is the best description of capitalism?

• A) An economic system in which the means of production are owned by the state
• B) A system in which a small group of people owns the majority of the wealth
• C) A system in which the use of property is controlled by majority will
• D) An economic system in which production and property are privately owned, with a minimum of government interference
• E) A good idea in theory but not practically applicable

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Definitions:

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon.

Regression Equation

A formula derived from regression analysis that predicts the dependent variable based on the values of one or more independent variables.

Regression Model

A statistical technique used to predict the value of a dependent variable based on the values of one or more independent variables.

Estimated Regression Equation

A formula that models the relationship between dependent and independent variables, predicting the dependent variable based on values of the independent variables.