_____ Was One of the Founding Ideals for Most of the Utopian

question 5

Multiple Choice

_____ was one of the founding ideals for most of the utopian communities in pre-1860s America.

• A) Rugged individualism
• B) Pacifism
• C) Capitalism
• D) Opposition to communism
• E) Cooperative social and economic practices

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Definitions:

Low Cost

Refers to products or services that are offered at a minimal financial expense, making them accessible to a wider range of consumers.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than another.

Competitive World Market

A global economic environment where businesses compete across borders to offer the best products and services.

Trade Restrictions

Measures imposed by governments to control or limit the exchange of goods and services across their borders, including tariffs, quotas, and embargoes.