In the Late 19th Century, the Primary Theme of Both

question 12

Multiple Choice

In the late 19th century, the primary theme of both national and state policy was one of

• A)progressivism.
• B)socialism.
• C)communism.
• D)laissez-faire capitalism.

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Definitions:

Circular-flow Diagram

A visual model in economics that shows how money, goods, and services flow through the economy between households and firms.

Factors Of Production

The assets utilized in creating goods and services, encompassing land, work, money, and business initiative.

Income Paid

The total earnings received by individuals or entities for their labor, investment, or property use.

Markets For Goods And Services

Venues where buyers and sellers exchange goods and services, including physical marketplaces and online platforms.