Capitalism is an economic system in which
A. the means of production and distribution are collectively owned.
B. all property is communally owned and no social distinctions are made on the basis of people's ability to produce.
C. the means of production are largely in private hands, and the main incentive for economic activity is the accumulation of profit.
D. None of these answers is correct.
C. the means of production are largely in private hands, and the main incentive for economic activity is the accumulation of profit.
You might also like to view...
The first divorce decree in the United States was granted to
A. a Puritan woman in 1639. B. an Amish man in 1790. C. a Quaker woman in 1750. D. a Maryland man in 1740.
The higher the response rate, the less likely the chance of a significant nonresponse bias
a. True b. False Indicate whether the statement is true or false
Migration studies of elders show that
a. a snowbird is one who loves the cold weather. b. migration to the sunbelt states has halted. c. Florida is the state with the highest percentage of elders. d. most migrating elderly do not know anyone in their new location.
Modern science has determined that children raised in extreme neglect have significant deficits in ordinary human behavior as well as brains that are
a. normal but incapable of catching up to their age peers. b. normal and capable of catching up to their age peers. c. smaller than normal with signs of atrophy. d. larger than normal with additional development in the instinctive centers.