Under a Capitalist Economic System

question 100

Multiple Choice

Under a capitalist economic system,

• A) the state owns all or most of the resources
• B) people are forced to work for a living
• C) resources are privately owned
• D) the government determines the allocation of resources
• E) prices eventually become unnecessary

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Definitions:

Social Cognitive Theory

A theoretical framework that outlines how people learn by observing others, incorporating concepts of observed behaviors, imitations, and modeling.

Middle Childhood

A developmental stage that typically covers the period from ages 6 to 12, characterized by significant growth in cognitive, emotional, and social domains.

Abstract Internal Traits

The unobservable qualities or characteristics that form an individual's personality, such as thoughts, feelings, and desires.

External Traits

Observable characteristics of an individual, which can be physical or behavioral, influenced by both genetic and environmental factors.