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:

Vehicle Chassis

The main structural frame of a vehicle, including the undercarriage and foundation to which the body and mechanical components are attached.

Priority

The designation of an item or task as more important relative to other items or tasks, determining its order of attention or action.

Data Bus

A communication system within a computer or between computers designed to transfer data.

DLC Receptacle

A connector designed to interface with a DLC (Data Link Connector) in automotive diagnostics, allowing access to vehicle electronic system information.