Because of Fears About the Spread of Communism in the 1950s

question 62

Multiple Choice

Because of fears about the spread of communism in the 1950s and the tactics of lawmakers such as Senator Joseph McCarthy, TV networks started asking actors and other workers to ______.

• A)hold controversial political views in order to get and keep their jobs
• B)sign loyalty oaths denouncing communism
• C)defend themselves in a court of law from accusations of being communists
• D)stop working in television and radio
• E)None of the above options is correct.

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Definitions:

Economizing Problem

The choices necessitated because society’s economic wants for goods and services are unlimited but the resources available to satisfy these wants are limited (scarce).

Property Rights

Legal rights to possess, use, and dispose of assets including real estate, personal property, or intellectual property.

Mutually Agreeable Transactions

Exchanges between parties that both participants consider beneficial or satisfactory.

Laissez-faire

An economic principle advocating minimal governmental interference in the operation of markets and businesses.