The Three Major Types of Economic Systems Are _____

question 160

Multiple Choice

The three major types of economic systems are _____.

• A)collectivism,developed economies,and oligopoly
• B)individualism,developing economies,and duopoly
• C)ethnocentrism,cultural relativism,and polycentrism
• D)capitalism,planned economies,and mixed economies

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Definitions:

Paid-In Capital

Paid-In Capital is the amount of money that shareholders have invested in a company through the purchase of stock, exclusive of earnings retained in the business.

Par Value

The nominal or face value of a bond, share of stock, or other securities, as stated by the issuing company.

Paid-In Capital

The total amount of money shareholders have invested in a company through the purchase of stock, excluding the par value of any preferred or common stock.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with fixed dividends.