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:

Implicit Leadership Theory

The concept that people have ingrained beliefs and expectations about the attributes that distinguish leaders from non-leaders, influencing their perception of leadership.

Autonomous

Having the ability to make decisions independently without needing directives from others.

Charismatic/Value-Based

Leadership style that involves inspiring followers through a leader's personality, actions, and stated values.

Implicit Leadership Theory

The idea that people have preconceived notions and expectations about what qualities and behaviors constitute effective leadership.