Which of the Following Is Not an Attribute of Capitalism

question 6

Multiple Choice

Which of the following is not an attribute of capitalism?

• A)The majority of businesses is owned by a small number of people.
• B)Capitalist relationships tend to be open and transparent.
• C)capital
• D)labor
• E)profit

Identify the roles and functions of psychologists in various settings.

Recognize the importance and implications of theories in psychology.

Understand the process of conducting research in psychology, including experimental design and observational studies.

Differentiate between different research methods and their applications.

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Definitions:

Deadweight Loss

Deadweight Loss is the loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Infant Industry

The infant industry argument supports protecting emerging domestic industries from international competition until they become competitive internationally.

Technological Efficiency

A state of production where a business cannot produce more of one good without lowering the production level of another good, given current technology.

Import Protection

Measures by a government to restrict foreign imports to protect domestic industries.