Which of the Following Is NOT True About Capitalism

question 16

Multiple Choice

Which of the following is NOT true about capitalism?

• A) Capitalism refers to an economic system where businesses are privately owned with a strong individualistic profit orientation.
• B) Very little role for government exists in a purely capitalistic or "free market" economic system.
• C) Individual gains and losses of wealth can be very large.
• D) Individual incentives are at the core of capitalistic economic ideology.
• E) Passage of the Patient Protection and Affordable Care Act marked the United States' movement away from capitalism.

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Definitions:

Lifestyle

The way a person or group lives, including patterns of social relations, consumption, entertainment, and dress.

Lifestyle

A way of living that reflects the attitudes, values, and habits of an individual or group.

AIO

stands for Activities, Interests, and Opinions, a marketing perspective that examines consumer behavior by analyzing their activities, interests, and opinions.

Product Complementarity

The degree to which two or more products enhance each other's use or value when used together.