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:

Civil Rights

The rights of individuals to receive equal treatment and freedom from discrimination in various settings, including employment, education, and housing.

State Action

A legal principle that actions taken by government bodies or officials are subject to constitutional standards including civil rights protections, distinguishing them from actions taken by private individuals.

Court Orders

Legal commands issued by a court or judge, requiring individuals or entities to perform or refrain from performing specific acts.

Private Agreement

An arrangement or contract made between parties without formal, public, or official announcement or documentation.