Which of the Following Is Correct with Regard to the Issue

question 103

Multiple Choice

Which of the following is correct with regard to the issue of different economic systems?

• A) There is a general consensus that command economies are more efficient than market economies because a centralized government can consider a wider range of economic factors when decisions are made.
• B) In recent years, more and more countries have rejected communism and embraced more market-based economies.
• C) Socialism is the most extensive command economic system because government owns all the major industries.
• D) A GlobeScan poll of 20 000 people in 20 different countries showed that support for a free market economy was most pronounced in Singapore.
• E) All of these are correct.

---

Definitions:

Social Setting

The surroundings or environment in which social interactions and behaviors occur.

Personal Orientation

An individual's characteristic approach to life, encompassing attitudes, values, and beliefs that influence behavior and interactions with others.

Sensation-Type

A psychological characteristic indicating a preference for sensory experience and concrete information.

Intuitive-Type

Characterizes individuals or decision-making styles that rely more on instinctual feelings rather than systematic analysis.