Author Question: Which of the following is the difference between a capitalist economy and a socialist economy? a. ... (Read 134 times)

EAugust · **on:** Jul 2, 2018

Which of the following is the difference between a capitalist economy and a socialist economy?

a. A capitalist economy is characterized by production based on economic demand, whereas a socialist economy is characterized by production based on human demand.
b. A pure capitalist economy is very rare, whereas a pure socialist economy is followed in most of the countries today.
c. A capitalist economy is primarily motivated to achieve collective goals, whereas a socialist economy is motivated to make higher profits.
d. A capitalist economy allows greater government intervention in deciding on economic activities, whereas a socialist economy restricts government intervention in such activities.

Question 2

According to Lee, there is a strong tendency in the United States to see Asian Americans as

a. indistinguishable as individuals.
b. aggressive revolutionaries.
c. highly religious and intellectual.
d. whites.