When an Economic System Changes from Using a Collective Property

question 205

Multiple Choice

When an economic system changes from using a collective property rights system to something closer to private property rights,the immediate effect is:

• A) less efficient organization of resources.
• B) to increase regulation,resulting in less market activities.
• C) to decrease investment,work effort,and productivity.
• D) to increase investment,work effort,and productivity.

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Definitions:

Within-Subjects Design

A research paradigm in which the same experimental participants participate in different experimental conditions.

Introspection

Reviewing or scrutinizing one's own psychological and emotional states.

Wundt

Wilhelm Wundt, often considered the father of experimental psychology, known for founding the first psychology laboratory.

Titchener

A psychologist known for founding structuralism and advocating the method of introspection to identify the basic elements of consciousness.