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

question 9

Multiple Choice

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

• A) under capitalism the average citizen is always wealthier than in socialist economies
• B) decision making is typically decentralized in socialist economies and is centralized in capitalist economies
• C) socialist countries all have red flags and capitalistic economies do not
• D) resources are publically owned in capitalist economies
• E) decision making is typically decentralized under capitalism while it is centralized in command economies

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Definitions:

Task Demands

Pertains to the specific expectations, requirements, or aspects of a job that dictate what activities and outputs are required from an individual or team to achieve organizational objectives.

Employees

Individuals hired by an organization to perform specific duties and tasks in exchange for compensation.

Organizations

Social units of people structured and managed to meet a need or pursue collective goals on a continuing basis.

Fishing Expeditions

An investigative strategy involving broad and non-specific inquiries, often used in legal contexts to uncover evidence.