Which of the Following Statements Is True of the Economic

question 4

Multiple Choice

Which of the following statements is true of the economic system of North America?

• A) The free-market-based economy of this region allows considerable freedom in decision-making processes of private firms.
• B) The command economy of this region allows for high flexibility with decisions and low barriers for other countries to establish business.
• C) The free-market-based economy of this region results in low trade barriers when attempting to move into other countries.
• D) The command economy of this region allows competition to strive while the government can extend assistance to individuals or companies.

---

Definitions:

The General

Often refers to a high-ranking, senior officer in the military, but in broader terms, can signify a principal or predominant figure in any given field or endeavor.

Macrosociological

Relates to the study of large-scale society, focusing on the social structures and processes that shape the population.

Symbolic Interactionist

A theoretical perspective in sociology that focuses on the importance of symbols and language as core elements of human interaction.

Positivistic

Pertaining to positivism, a philosophical system recognizing only that which can be scientifically verified or which is capable of logical or mathematical proof, and therefore rejecting metaphysics and theism.