The Paternalistic System Characteristically Occurs

question 44

Multiple Choice

The paternalistic system characteristically occurs:

• A) In rural, agricultural societies
• B) Where stratification is linked to class rather than race
• C) When the subordinated group is the numerical minority
• D) When the division of labor is highly complex

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Definitions:

Keynesian Economist

An economist who believes in Keynesian economics, which advocates for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.

Savings

Money that is put aside for future use rather than spent immediately, often in accounts that yield interest.

Interest Rates

The percentage of a loan charged as a cost of borrowing or paid as a part of return on savings, typically expressed as an annual percentage of the principal.

Classical Economists

A group of economists in the late 18th and early 19th centuries who believed in the theory that markets function best without government intervention.