A System of Economic Organization in Which the Ownership and Control

question 111

Multiple Choice

A system of economic organization in which the ownership and control of productive capital assets rests with the state and in which resources are allocated through central planning and political decision making is called

• A) socialism.
• B) a market economy.
• C) a corporate economy.
• D) capitalism.

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Definitions:

Infantile Amnesia

The inability of adults to recall memories from early childhood, typically before age 3-4 years.

Association Areas

are regions of the cerebral cortex that integrate information from various sensory inputs and are involved in higher cognitive functions.

Cognitive Development

The process of growth and change in intellectual capabilities such as thinking, reasoning, and problem-solving, across the lifespan.

Jean Piaget

A Swiss psychologist known for his pioneering work on child development and cognitive theory.