Which of the Following Statements Is True

question 39

Multiple Choice

Which of the following statements is true ?

• A) The United States today comes closer to the socialist form of economic organization than it does capitalism.
• B) When central planners set prices above equilibrium for goods and services they create shortages.
• C) According to Karl Marx, under capitalism, workers would be exploited and would revolt against the owners of capital.
• D) Adam Smith argued that government's role in society would be to do absolutely nothing.

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Definitions:

Masking Stimulus

A stimulus used to cover or obscure another stimulus, making it difficult or impossible for an individual to perceive the original stimulus.

Weber's Law

A principle stating that the smallest change in a stimulus that can be detected is a constant proportion of the stimulus level.

Bag Feel Heavier

A perception that an object weighs more than it does, often influenced by psychological or physical factors.

Top-Down Processing

Information processing guided by higher-level mental processes, as when we construct perceptions drawing on our experience and expectations.