Describe the changes that have occurred in the two major economic systems
What will be an ideal response
The United States, a capitalist economy, has adopted many "socialistic" practices in which the government extracts money from some people to pay for benefits to other people. These practices include unemployment compensation; subsidized housing; welfare; a minimum wage, and Social Security. Meanwhile, some socialist countries have begun to endorse certain "capitalistic" practices, allowing the private ownership of some goods and encouraging the pursuit of profit. China, a socialist country, has allowed the use of credit cards, approved a stock market, and pushed multinationals to deliver breakthrough technologies and train Chinese workers to administer them.
You might also like to view...
According to sorting (signaling) theory, education's main importance is that it increases the overall thinking ability of an individual
a. true b. false
Answer the following statement(s) true (T) or false (F)
1. The easiest questions on a test should be answered first. 2. Before answering the questions on a test, you should read the instructions and skim through the entire test. 3. The first step in educated guessing is to eliminate any obviously false answers. 4. Before answering the questions on a test, you should read the instructions and skim through the entire test.
Imperial societies developed
a. the assembly line. b. slave labor. c. bureaucracy. d. markets. e. agriculture.
The ________ perspective would view sorority members' group tattooing as a symbol of their bond as sorority sisters.
What will be an ideal response?