Which Term Do We Use to Refer to an Economic

question 84

Multiple Choice

Which term do we use to refer to an economic system under which all property is communally owned and no social distinctions are made on the basis of people's ability to produce?

• A) communism
• B) socialism
• C) laissez-faire capitalism
• D) contemporary capitalism

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Definitions:

Black Legend

A historiographical term that refers to a style of tendentious, subjective historical writing or propaganda that demonizes the Spanish Empire, its people, and its culture, minimizing positive achievements and magnifying negative aspects of Spanish colonial rules, particularly in the Americas.

North American Empire

Generally refers to the territorial expansions and colonial pursuits of European powers and later the United States across the North American continent from the early modern period through the 19th century.

Liberty

The quality or state of being free; the power to do as one pleases, free from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.

Indians

Refers to the indigenous peoples of India or the Indigenous peoples of the Americas, depending on the context, known for their rich cultures, histories, and contributions to society.