Independent Shopping Guides

question 14

Multiple Choice

Independent shopping guides:

• A) typically have a low readership.
• B) are also called pennysavers.
• C) usually have limited advertising pages.
• D) are offered at a premium price.
• E) are synonymous with Sunday supplements.

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Definitions:

Socialism

A collective form of government in which the means of production and the distribution of production are owned collectively by the community as a whole.

Communism

A political system characterized by collective ownership of the factors of production and allocation of goods and services to workers according to their needs, argue for revolutionary means to establish a communal society.

Mercantilism

An economic theory that emphasizes the importance of stockpiling precious metals and exporting more than importing to boost a nation's wealth and power.

Gross Domestic Product

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.