If an Economy's Factors of Production Were Owned by the Government

question 99

Multiple Choice

If an economy's factors of production were owned by the government sector and the coordinating activity was done by a government planning board, the economy would be called:

• A) capitalism.
• B) market capitalism.
• C) command socialism.
• D) mixed capitalism.

---

Definitions:

Cross Cultural Influences

The impact that differing cultural backgrounds and practices have on various aspects of human behavior, communication, and interaction.

Voluntary Reaching

A developmental milestone where infants intentionally extend their arm and hand towards an object to grasp it.

Fine Motor Development

The ability to control small movements of the fingers, such as reaching and grasping.

Gross Motor Development

The ability to control large movements of the body, such as walking and jumping.