According to the textbook, the dramatic global shift toward market capitalist economies in the 1980s and 1990s is in large part the result of:
A) an emphasis on individual ownership and decision making power yielding freedom not available under socialist systems.
B) the philosophical and theoretical arguments of communism and socialism being finally proved correct.
C) the realization that government controls will allocate resources on the basis of comparative advantage.
D) a shift to more capital-intensive production.

Question

Quizplus · Accepted Answer

The textbook states that the shift toward market capitalist economies in the 1980s and 1990s was largely due to an emphasis on individual ownership and decision making power yielding freedom not available under socialist systems. This suggests that choice A is the best answer.

According to the Textbook, the Dramatic Global Shift Toward Market