13. Which of the following about debating the relative desirability of Capitalism versus Socialism are TRUE? (chose all that apply) a) The discussants often do not agree on the definitions of these terms b) The pro-Socialists like to define Capitalism as a system based on greed, while most pro-Capitalists see it as based on voluntary contracts or freedom. c) Pro-Socialists envision Socialism as a system based on equity, and believe Capitalism inevitably produces inequality d) Socialists agree on the precise meaning of Socialism e) Pro-Capitalists do not agree on their own definition of Capitalism. Some see it as a free market system, free of any govemment role. Others see it as Adam Smiths competitive market system, where the government provides a legal framework for the market and competition O Most people agree the key distinction between Capitaliam and Socialism is that in the former the means of production are privately owned, while in the latter they are collectively owned. g) The ownership of resources may not be the most important distinction between different economic systems. Rather it may be the prevalent method of decision making h) The Scandinavian economies are classified by economists, and Scandinavians themselves, as Socialist
13. Which of the following about debating the relative desirability of Capitalism versus Socialism are TRUE? (chose all that apply) a) The discussants often do not agree on the definitions of these terms b) The pro-Socialists like to define Capitalism as a system based on greed, while most pro-Capitalists see it as based on voluntary contracts or freedom. c) Pro-Socialists envision Socialism as a system based on equity, and believe Capitalism inevitably produces inequality d) Socialists agree on the precise meaning of Socialism e) Pro-Capitalists do not agree on their own definition of Capitalism. Some see it as a free market system, free of any govemment role. Others see it as Adam Smiths competitive market system, where the government provides a legal framework for the market and competition O Most people agree the key distinction between Capitaliam and Socialism is that in the former the means of production are privately owned, while in the latter they are collectively owned. g) The ownership of resources may not be the most important distinction between different economic systems. Rather it may be the prevalent method of decision making h) The Scandinavian economies are classified by economists, and Scandinavians themselves, as Socialist
Social Psychology (10th Edition)
10th Edition
ISBN:9780134641287
Author:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Publisher:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Chapter1: Introducing Social Psychology
Section: Chapter Questions
Problem 1RQ1
Related questions
Question
Transcribed Image Text:QUESTION 13
13. Which of the following about debating the relative desirability of Capitalism versus Socialism are TRUE? (chose all that apply)
a) The discussants often do not agree on the definitions of these terms.
b) The pro-Socialists like to define Capitalism as a system based on greed, while most pro-Capitalists see it as based on voluntary contracts or freedom.
c) Pro-Socialists envision Socialism as a system based on equity, and believe Capitalism inevitably produces inequality
d) Socialists agree on the precise meaning of Socialism
e) Pro-Capitalists do not agree on their own definition of Capitalism. Some see it as a free market system, free of any govenment role. Others see it as Adam Smith's
competitive market system, where the government provides a legal framework for the market and competition.
O Most people agree the key distinction between Capitalism and Socialism is that in the former the means of production are privately owned, while in the latter they are
collectively owned.
s) The ownership of resources may not be the most important distinction between different economic systems. Rather it may be the prevalent method of deciaion making
n) The Scandinavian economies are classified by economists, and Scandinavians themselves, as Socialist.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
Social Psychology (10th Edition)
Sociology
ISBN:
9780134641287
Author:
Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Publisher:
Pearson College Div
Introduction to Sociology (Eleventh Edition)
Sociology
ISBN:
9780393639407
Author:
Deborah Carr, Anthony Giddens, Mitchell Duneier, Richard P. Appelbaum
Publisher:
W. W. Norton & Company
The Basics of Social Research (MindTap Course Lis…
Sociology
ISBN:
9781305503076
Author:
Earl R. Babbie
Publisher:
Cengage Learning
Social Psychology (10th Edition)
Sociology
ISBN:
9780134641287
Author:
Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Publisher:
Pearson College Div
Introduction to Sociology (Eleventh Edition)
Sociology
ISBN:
9780393639407
Author:
Deborah Carr, Anthony Giddens, Mitchell Duneier, Richard P. Appelbaum
Publisher:
W. W. Norton & Company
The Basics of Social Research (MindTap Course Lis…
Sociology
ISBN:
9781305503076
Author:
Earl R. Babbie
Publisher:
Cengage Learning
Criminalistics: An Introduction to Forensic Scien…
Sociology
ISBN:
9780134477596
Author:
Saferstein, Richard
Publisher:
PEARSON
Sociology: A Down-to-Earth Approach (13th Edition)
Sociology
ISBN:
9780134205571
Author:
James M. Henslin
Publisher:
PEARSON
Society: The Basics (14th Edition)
Sociology
ISBN:
9780134206325
Author:
John J. Macionis
Publisher:
PEARSON