Which "Type" of Capitalism Was Most Characteristic of the World

question 4

Multiple Choice

Which "type" of capitalism was most characteristic of the world economy in the mid-twentieth century:

• A) Competitive
• B) globalized
• C) organized
• D) laissez faire

---

Definitions:

Pituitary

A small pea-sized gland located at the base of the brain, critical for regulating growth and the function of other glands in the endocrine system.

Thyroid

A butterfly-shaped gland located in the neck, producing hormones that regulate metabolism, energy generation, and growth.

Adrenal

refers to small, triangular glands located above the kidneys that produce hormones like adrenaline and cortisol, playing a key role in the body's stress response.

Thyroid

A gland in the neck that produces hormones regulating the body's metabolic rate as well as heart and digestive function.