Which of the Following Is a Political System in Which

question 39

Multiple Choice

Which of the following is a political system in which power is allocated solely on the basis of heredity and passes from generation to generation?

• A) Totalitarianism
• B) Capitalism
• C) Monarchy
• D) Communism.
• E) Communism

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Definitions:

Average Total Cost

The sum of all production costs (fixed and variable) divided by the quantity of output, indicating the per-unit cost of production.

Market Entry

The method or approach used by a business to penetrate a new industry or market.

Contestable Market

A market structure where there is freedom of entry and exit, making it possible for new competitors to enter the market easily.

Invested Capital

The total amount of money that has been invested in the assets and operations of a business or project, including both equity and debt financing.