An Economy Run by a Government That Completely Decides What

question 10

Multiple Choice

An economy run by a government that completely decides what goods and services to produce, who receives them, and which investment projects to undertake, is called a:

• A)command economy.
• B)economy.
• C)mixed economy.
• D)capitalistic economy.

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Definitions:

Intelligence Tests

Standardized assessments designed to measure human intelligence and cognitive abilities.

Binet and Simon

Alfred Binet and Théodore Simon developed the first practical intelligence test in the early 20th century, laying the groundwork for modern IQ testing.

Ebbinghaus and Thorndike

Two influential psychologists; Ebbinghaus is known for his work on memory and forgetting, while Thorndike is known for his work on learning and the law of effect.

IQ Test

A standardized test designed to measure human intelligence and cognitive abilities in relation to an age group, often used for educational placement, assessment of intellectual disability, and job applicant evaluation.