In Capitalist Societies, ________ Is the Mechanism for Determining What

question 85

Multiple Choice

In capitalist societies, ________ is the mechanism for determining what is produced and at what price. It is the mechanism that keeps individual profit seeking in check.

• A) competition
• B) government oversight
• C) consumer protection
• D) private ownership

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Definitions:

Feelings

Emotional states or reactions that are subjectively experienced as a response to environmental events or internal thoughts.

Utilitarianism

A moral philosophy in which actions are evaluated based on their consequences.

Universal Moral Truths

Ethical principles that are believed to be applicable to all individuals regardless of culture, time, or situation.

Moral Argument

A reasoning process that bases its conclusions on ethical principles, often discussing what is right or wrong behavior.