Which of the Following Statements Is True

question 38

Multiple Choice

Which of the following statements is true?

• A) The doctrine of laissez-faire advocates an economic system with extensive government intervention and little individual decision-making.
• B) In capitalism income is distributed on the basis of need.
• C) Adam Smith was the father of socialism.
• D) Most real-world economies are mixed economic systems.
• E) The "invisible hand" refers to government economic control.

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Definitions:

Sensory Input

Information gathered by sensory receptors about internal and external changes.

Central Nervous System

The part of the nervous system that consists of the brain and spinal cord, responsible for processing and sending out nervous signals.

Social Influence Theory

A theory that examines how individual thoughts, actions, and feelings are influenced by social interactions and the presence of others.

Hypnotic Subjects

Individuals who are under hypnosis and are more open to suggestions, alterations in perception, and changes in behavior or thought processes.