AGB 302 - Homework 1 Exam with
Complete Solutions
political economy. - ANSWER-Interdependent political, economic, and legal systems of
a country make up its:
political economy.
socioeconomic fabric.
administrative agenda.
cultural environment.
collectivism - ANSWER-A political system that prioritizes the needs of the society over
individual freedoms is called ________.
collectivism
totalitarianism
capitalism
egalitarianism
communists - ANSWER-The ________ believed that socialism could be achieved only
through violent revolution and totalitarian dictatorship.
social democrats
communists
anarchists
existentialists
Individualism - ANSWER-Which of the following philosophies can be traced back to the
ancient Greek philosopher Aristotle?
Socialism
Collectivism
Individualism
Anarchism
Individualism advocates for a democratic political system. - ANSWER-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.
Complete Solutions
political economy. - ANSWER-Interdependent political, economic, and legal systems of
a country make up its:
political economy.
socioeconomic fabric.
administrative agenda.
cultural environment.
collectivism - ANSWER-A political system that prioritizes the needs of the society over
individual freedoms is called ________.
collectivism
totalitarianism
capitalism
egalitarianism
communists - ANSWER-The ________ believed that socialism could be achieved only
through violent revolution and totalitarian dictatorship.
social democrats
communists
anarchists
existentialists
Individualism - ANSWER-Which of the following philosophies can be traced back to the
ancient Greek philosopher Aristotle?
Socialism
Collectivism
Individualism
Anarchism
Individualism advocates for a democratic political system. - ANSWER-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.
