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

question 4

Multiple Choice

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

• A)the average citizen is always wealthier in capitalist economies than in socialist economies.
• B)decision making is typically decentralized in socialist economies and is centralized in capitalist economies.
• C)resources are privately owned in capitalist economies and private property rights are enforced by a dictator in command economies.
• D)resources are publicly owned in capitalist economies.
• E)decision making is typically decentralized under capitalism,while it is centralized in command economies.

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Definitions:

Sampling Plan

A detailed outline of how samples will be taken from a population for the purpose of research.

Sample Activity

An operation or series of operations carried out on a sample within a study or experiment.

Operational Procedures

Operational procedures are the documented processes and guidelines that outline the standard operating methods of an organization or a specific process to ensure efficiency and quality.

Systematic Sampling

Systematic sampling is a statistical method involving the selection of elements from an ordered sampling frame, using a fixed periodic interval after a random start, to ensure a representative sample.