The Market System Is Also Known as ___, While the Command

question 155

Multiple Choice

The market system is also known as ___, while the command system is also known as _____.

• A) capitalism; socialism
• B) socialism; communism
• C) central planning; laissez faire
• D) a production system; a planning system

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Definitions:

Correlational Research

A type of study that examines the relationship between two or more variables to determine if a statistically significant association exists.

Cause And Effect

The principle or concept that an action or event will produce a certain response or outcome in the form of another event.

Generalizability

The extent to which findings or conclusions from a specific study can be applied to broader contexts or different groups.

Infliction Of Pain

The act of causing physical or emotional suffering to others intentionally.