An Economic System in Which the Government Owns and Controls

question 84

Multiple Choice

An economic system in which the government owns and controls all types of economic activity is called ________.

• A) socialism
• B) left-wing totalitarianism
• C) political bureaucracy
• D) communism

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Definitions:

Behavioral

Pertaining to or concerned with the actions or activities of individuals, often studied to understand their motivations, decision-making processes, and patterns.

Affective

Relating to moods, feelings, and attitudes, often used in psychology and marketing to describe emotional responses.

Reinforcement

In marketing, it refers to strategies aimed at encouraging the repetition of a desired consumer behavior.

Stimulus

A detectable change in the internal or external environment that can elicit or evoke a physiological response from an organism.