Shaneen Lives in a Society Where Everyone Has an Equal

question 18

Multiple Choice

Shaneen lives in a society where everyone has an equal chance to compete for higher status positions,and the highest rank is awarded to those who are the most capable.What type of societal system is she experiencing?

• A) socialist
• B) meritocratic
• C) democratic
• D) capitalist

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Definitions:

Politically Influential

Describes individuals or groups that hold significant power to affect public policy or government actions.

Import Protections

Measures such as tariffs and quotas that countries implement to protect their domestic industries from foreign competition.

Consumer Surplus

The disparity between the amount consumers are prepared to spend on a product or service and the actual price they pay.

Import-Competing Industries

Sectors within an economy that produce goods or services in direct competition with imports, often affected by trade policies.