Which of the Following Is an Economic System in Which

question 41

Multiple Choice

Which of the following is an economic system in which private individuals and corporations own the means of production and,motivated by the desire for profit;compete in free markets under conditions of limited restraint by government?

• A) Utilitarianism
• B) Capitalism
• C) Socialism
• D) Fascism

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Definitions:

Implicit Memory

This form of memory allows for improved task execution by relying on past experiences, without the conscious perception of those experiences.

Proactive Interference

A phenomenon where old information hinders the recall or learning of new information.

Source Amnesia

The loss of memory regarding the specific context, including the place, time, or manner in which certain knowledge was gained, despite retaining the facts themselves.

Imagination Inflation

The increase in confidence that an imagined event actually occurred, due to the imagining of the event.