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

question 173

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 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:

Queer Theory

Queer Theory is a field of critical theory that emerged in the early 1990s. It explores and challenges the norms surrounding sexuality and gender, examining the social constructs and power dynamics involved.

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Free time when one is not working or fulfilling duties and is free to engage in activities of personal choice.

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An American economist and sociologist best known for his theories of conspicuous consumption and leisure class.