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Sociology
MEDIUM
ENGLISH
Sociology
In reviewing capitalism worldwide following the downfall of communism in the Soviet Union some observers suggest that_____________?
A
capitalist nations fully agree on the merits of capitalism practiced by all developed nations
Option A
B
Russia Eastern Europe Latin America and Asia have fully accepted and are practicing the style of capitalism practiced in the United States
Option B
in dynamic Asian nations (e.g. Japan Singapore Hong Kong South Korea and Taiwan) government intervention in economic life has resulted in a “government-business symbiosis ” different from that in Europe and the United States
Correct answer
D
the performance of the Asian economy and financial institutions in late 1997 and early 1998 strongly supports the “government-business /state capitalism/communal capitalism economic arrangement
Option D
Correct answer: C
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