Which of the Following Statements Is Most Likely to Be

question 97

Multiple Choice

Which of the following statements is most likely to be true regarding private ownership?

• A)It reduces a nation's dynamism and its investments in innovation and creativity.
• B)It is most commonly found in command economies.
• C)It eliminates competitors and reduces pressure to lower production costs.
• D)It gives entrepreneurs an incentive to search for better ways of serving consumer needs.
• E)It is based on the philosophy that "the good of society is more important than the interests of an individual."

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Definitions:

Custody

A legal term referring to the right to take care of a child, including making decisions about the child's welfare and upbringing, often used in the context of a divorce or separation.

European-American

Individuals in the United States who have ancestral origins in Europe.

Middle-Class

A social group between the upper and working classes, including professionals, business people, and other individuals with moderate to high income levels and socio-economic status.

Authoritarian Parents

Parents who adopt a strict parenting style characterized by high demands and low responsiveness, often expecting obedience without question.