Which statement creates the best picture of capitalism?
A) Industrial capitalism is characterized by pools, trusts, holding companies and an interpenetration of banking, insurance and industrial interests.
B) Mercantile capitalism emerged in the United States in the period directly following the civil war.
C) In state welfare capitalism the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle.
D) Financial capitalism developed in the period immediately prior to the Renaissance.
Correct Answer:
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Q14: Which of the following is an accurate
Q15: One of the four key features of
Q16: A basic premise of Adam Smith's is
A)
Q17: Karl Marx believed that
A) under capitalism workers
Q18: A basic tenet of capitalism is that
A)
Q20: Marxism states
A) capitalism leads to a concentration
Q21: Rather than strong work ethic, a more
Q22: Adam Smith claims that the proper role
Q23: The capitalism that we know today in
Q24: According to Alfie Kohn, competition promotes individual
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