A Major Distinguishing Feature Between Capitalist and Socialist (Or Command)economies

question 4

Multiple Choice

A major distinguishing feature between capitalist and socialist (or command) economies is that:

• A)the average citizen is always wealthier in capitalist economies than in socialist economies.
• B)decision making is typically decentralized in socialist economies and is centralized in capitalist economies.
• C)resources are privately owned in capitalist economies and private property rights are enforced by a dictator in command economies.
• D)resources are publicly owned in capitalist economies.
• E)decision making is typically decentralized under capitalism,while it is centralized in command economies.

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Definitions:

Solid-State

Refers to electronic devices that use solid-state electronics, such as semiconductors, for storage or operation, contrasted with mechanical devices.

Flash

In technology, this often refers to a storage medium known for its fast access speeds and durability, commonly used in USB drives and solid-state drives.

Wireless Communication

The transfer of information or power between two or more points that are not connected by an electrical conductor, using electromagnetic waves.

Airplane Mode

Enables users to disable all wireless communication but still view a movie or play a game that does not require Internet connectivity.