Is an Economic System in Which the State (Ideally Representative

question 11

Multiple Choice

is an economic system in which the state (ideally representative of the people) owns the basic means of production.

• A) Capitalism
• B) Idealism
• C) Socialism
• D) Futurism

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Definitions:

Random Sample

A selection method where each member of a population has an equal chance of being included, used to ensure unbiased statistical results.

Negative Correlation

A connection between two variables where one variable rises as the other falls, and the reverse is also true.

Mice

Small rodents that are often found in both wild and domestic environments, sometimes considered pests.

Selection Bias

Occurs when the sample isn't representative of the population, leading to skewed or biased results.