Which Economic System Is Usually Associated with Government Ownership of the Means

question 34

Multiple Choice

Which economic system is usually associated with government ownership of the means of production and central planning?

• A)Communism
• B)A market system
• C)Mercantilism
• D)Fascism
• E)Capitalism

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Definitions:

Receiving Today

The concept of obtaining or expecting to obtain a certain amount or value in the present time.

Cash Flows

Refers to the net amount of cash and cash-equivalents being transferred into and out of a business.

Discounted Value

Discounted value is the present value of a future amount of money or stream of cash flows given a specified rate of return, reflecting the time value of money.

Present Value

The current worth of a future sum of money, given a specific rate of return or discount rate.