In several Western democracies, the poor performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to _____.
A. privatization
B. nationalization
C. liberalization
D. socialization of production
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The tenet of _____ is that the welfare of society is best served by letting people pursue their own economic self-interest.
A. socialism
B. communism
C. anarchism
D. individualism
Which of the following statements about individualism is true?
A. Individualism promotes state ownership of the basic means of production, distribution, and exchange
B. Individualism promotesglobalization.
C. Individualism creates ananti-business environment.
D. Individualism advocates for ademocratic political system.
Which of the following is a feature of a democracy?
A. Exercise of absolute control by one person or political party.
B. Governance by people or electedrepresentatives.
C. Prohibition of entry to opposingpolitical parties.
D. Complete restriction ofindividual political freedom.
Totalitarianism:
A. refers to a political system in which government is by the people, exercised either directly or through elected representatives.
B. is based on a belief thatcitizens should be directly involved in decision making.
C. is a form of government in which one person or political party exercises absolute control over all spheres of human life.
D. is based on the idea that the welfare of society is best served by letting people pursue their own economic self-interests.
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