Which of the Following Is Most Likely to Be the First

question 78

Multiple Choice

Which of the following is most likely to be the first word that a 1-year-old will utter?

• A) "hot"
• B) "papa"
• C) "rattle"
• D) "two"

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Definitions:

Conglomerates

Large corporations that operate in several industries at the same time.

Laissez-Faire Economy

An economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies.

Purely Capitalist Economy

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Features of Capitalism

include private property ownership, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets, driving economic growth and innovation.