A Major Distinguishing Feature Between Capitalist and Socialist (Or Command)

question 200

Multiple Choice

A major distinguishing feature between capitalist and socialist (or command) economies is that _____

• A) the average citizen is wealthy in capitalist economies, whereas the average citizen is poor in socialist economies.
• B) decision making is decentralized in socialist economies, while decision making is centralized in capitalist economies.
• C) resources are privately owned in capitalist economies, whereas private property rights are enforced in command economies.
• D) resources are publicly owned in capitalist economies, whereas resources are privately owned in command economies.
• E) decision making is decentralized under capitalism, while decision making is centralized in command economies.

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Definitions:

Dissociative Fugue

Dissociative Fugue is a psychological state in which an individual loses awareness of their identity or history and may undertake unexpected travel or assume a new identity.

Autobiographical Memory

A system consisting of episodes recollected from an individual's life, based on a combination of episodic and semantic memory.

False Pregnancy

A psychosomatic condition in which a person believes they are pregnant and even shows symptoms of pregnancy but isn't actually pregnant.

Homicide

The act of killing one human being by another, which can be classified into various types such as murder or manslaughter depending on the circumstances.