Define capitalism. List the characteristics of a capitalistic economy.
What will be an ideal response?
Answers will vary. Capitalism is an economic system based on private ownership of property and competition in producing and selling goods and services. Ideally, capitalism has four essential characteristics:1. Property (e.g., real estate, banks, utilities) belongs to individuals or organizations rather than the state or the community.2. Owners of production compete in deciding what goods and services to produce and setting prices that offer consumers the greatest value in price and quality.3. Selling something for more than it costs to produce generates profits and an accumulation of wealth for individuals and companies.4. By investing profits, capitalists can increase their own wealth. Workers, too, can save and invest their money.
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The ________ extended reparations to Japanese American evacuees
a. Civil Rights Restoration Act b. Rehabilitation Act c. Enforcement Act d. Immigration Act
The living arrangements of so-called "boomerangers" are most influenced by ______ factors
a) geographical b) educational c) medical d) economic e) familial
A couple whose conversation goes like this: "I hate that you always leave the car with an empty gas tank;" "Well, I hate that you always park the car under the tree so it gets bird droppings on it," is engaging in:
A) cross-complaining. B) mindreading. C) off-beaming. D) belligerence.
According to the activity theory of aging, high levels of activity are related to living longer but are unrelated to reporting high levels of life satisfaction
Indicate whether the statement is true or false