Moses Is Working on a Kibbutz in Israel Where All

question 76

Multiple Choice

Moses is working on a kibbutz in Israel where all the members have the same standard of living and they equally divide the profits from the citrus crop that is the primary source of income for the community. This kibbutz is an example of which type of economic system?

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

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Definitions:

Minimum Wage

The legally mandated lowest amount that employers can pay their employees per hour of labor.

Employment Opportunities

Job openings available in the market that people can apply for and get employed.

Training Opportunities

Programs or initiatives designed to enhance the skills and knowledge of individuals, often provided by employers, education institutions, or government organizations.

Labor Market

The supply of available workers in relation to the demand for their services by employers.