Modern socialism has been popularized largely through the work of _____.
Adam Smith
B. Karl Marx
C. David Hume
D. Thomas Hobbes
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The _____ believed that socialism could be achieved only through violent revolution and totalitarian dictatorship.
A. existentialists
B. social democrats
C. communists
D. anarchists
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
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.