BUS 404 Stern Midterm 1 (Ch. 1-3) Actual Exam Questions | 100% Correct Answers | Verified 2024 Version

The American financial community's near collapse in late 2008 had been most directly ignited by the subprime mortgage-crisis - True Capitalism in American was built on the strong philosophical foundation of personal freedom and private property rights - True Democratic capitalism and state capitalism trade with each other for mutual advantage but are economic and political rivals - True Capitalism features economic cooperation and varying degrees of centralized control - False The term collectivism embraces communism and socialism and similar philosophies on the left side of the political or economic spectrum - True Political scientist Benjamin Barber believes that capitalism drags us into decadence by encouraging us to buy as many unnecessary products as we can manage - True