AGB 302 Quiz 1 Study Guide With Complete Solution 2026

AGB 302 Quiz 1 Study Guide With Complete Solution 2026 AGB 302 Quiz 1 Study Guide With Complete Solution 2026 Interdependent political, economic, and legal systems of a country make up its: political economy socioeconomic fabric administrative agenda cultural environment - Correct Answer-political economy A political system that prioritizes the needs of the society over individual freedoms is called: collectivism totalitarianism capitalism egalitarianism - Correct Answer-collectivism The _____ believed that socialism could be achieved through violent revolution and totalitarian dictatorship. social democrats communists anarchists existentialists - Correct Answer-communists Which of the following philosophies can be traced back to the ancient Greek philosopher Aristotle? Socialism Collectivism Individualism Anarchism - Correct Answer-Individualism Which of the following statements about individualism is true? Individualism promotes globalization. Individualism creates an anti-business environment. Individualism promotes state ownership of the basic means of production, distribution, and exchange. Individualism advocates for a democratic political system. - Correct Answer-Individualism advocates for a democratic political system