Which Economic System Emphasizes the Private Ownership of Most Factors

question 24

Multiple Choice

Which economic system emphasizes the private ownership of most factors of production?

• A) socialism
• B) communism
• C) capitalism
• D) Marxism
• E) federalism

Compare and contrast religious-based reform movements with secular reforms during the early to mid-nineteenth century.

Understand changes in the workplace and the nature of work during the first half of the nineteenth century, including impacts on and reactions from workers.

Examine the impact of the transportation revolution on American society between 1815 and 1860.

Discuss the various attitudes of Americans toward progress during the period from 1815 to 1860.

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Definitions:

Insight

The ability to understand the inner nature of things or a deep understanding of a person or situation, often leading to a sudden clear solution after a period of confusion.

Learning Set

The ability to become more efficient in learning new tasks based on experiences gained from learning previous tasks.

Response Set

A tendency for a person to respond to questions or situations in a patterned way, often based on habit or bias rather than thoughtful consideration.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, emphasizing the effect of consequences on future behavior.