This question is based on the following definitions below. Pure Capitalism Government does not regulate production Each individual works for his own success Pure Communism Government does not regulate production Each individual works for the good of all Democratic Socialism Government owns basic industry World System permits some private enterprise Economic System Private enterprise has freedom Consumer has greater freedom American Capitalism Individuals determine own means of production Individuals and consumers determine production Marxism Socialism . Government owns all means of production Government controls all aspects of citizens economic lives Biologist Charles Darwin believed that the species that was best able to adapt would continue to exist-survival of the fittest. Under which of the following situations would his theory apply? A. Franklin Roosevelt's New Deal and government-funded work programs B. Dwight Eisenhower's policies of moderation in defense spending C. Teddy Roosevelt's progressivism and regulation of big business activities D. Herbert Hoover's conservatism and noninterference in the affairs of business. E. Lyndon Johnson's Great Society and generous spending for social programs

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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This question is based on the following definitions below.
Pure Capitalism
. Government does not
regulate production
Pure Communism
. Government does not
• Each individual works for
his own success
regulate production
Each individual works
for the good of all
Democratic Socialism
. Government owns basic
industry
System permits some private
enterprise
American Capitalism
Individuals determine own
Private enterprise has freedom
means of production
. Consumer has greater
freedom
• Individuals and consumers
determine production
. Government owns all
means of production
. Government controls all
aspects of citizens
economic lives
Biologist Charles Darwin believed that the species that was best able to adapt would
continue to exist-survival of the fittest. Under which of the following situations would his
theory apply?
A. Franklin Roosevelt's New Deal and government-funded work programs
B. Dwight Eisenhower's policies of moderation in defense spending
C. Teddy Roosevelt's progressivism and regulation of big business activities
D. Herbert Hoover's conservatism and noninterference in the affairs of business
E. Lyndon Johnson's Great Society and generous spending for social programs
World
Economic
System
Marxism Socialism
Transcribed Image Text:This question is based on the following definitions below. Pure Capitalism . Government does not regulate production Pure Communism . Government does not • Each individual works for his own success regulate production Each individual works for the good of all Democratic Socialism . Government owns basic industry System permits some private enterprise American Capitalism Individuals determine own Private enterprise has freedom means of production . Consumer has greater freedom • Individuals and consumers determine production . Government owns all means of production . Government controls all aspects of citizens economic lives Biologist Charles Darwin believed that the species that was best able to adapt would continue to exist-survival of the fittest. Under which of the following situations would his theory apply? A. Franklin Roosevelt's New Deal and government-funded work programs B. Dwight Eisenhower's policies of moderation in defense spending C. Teddy Roosevelt's progressivism and regulation of big business activities D. Herbert Hoover's conservatism and noninterference in the affairs of business E. Lyndon Johnson's Great Society and generous spending for social programs World Economic System Marxism Socialism
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