_____ is seen as a way to stimulate gains in economic efficiency by giving owners a powerful incentive—the reward of greater profits—to search for increases in productivity, to enter new markets, and to exit losing ones.
A. Globalization
B. Economic transformation
C. Deregulation
D. Privatization
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Interdependent political, economic, and legal systems of a country make up its:
A. administrative agenda.
B. socioeconomic fabric.
C. cultural environment.
D. political economy.
A political system that prioritizes the needs of the society over individual freedoms is called _____.
A. totalitarianism
B. collectivism
C. capitalism
D. egalitarianism
Modern socialism has been popularized largely through the work of _____.
Adam Smith
B. Karl Marx
C. David Hume
D. Thomas Hobbes
The _____ believed that socialism could be achieved only through violent revolution and totalitarian dictatorship.
A. existentialists
B. social democrats
C. communists
D. anarchists