8. Modern socialists trace their intellectual roots to Karl Marx (1818-83), although socialist thought clearly predates Marx. True False 9. In an individualist society, the welfare of society is best served by letting people pursue their own economic self-interest. True False 10. Aristotle argued that individual diversity and private ownership are undesirable. True False 11. The Cold War was a war between collectivism and individualism. True False 12. Most modern democratic states practice representative democracy. True False 13. Democracy is a form of government that prohibits opposing political parties. True 14. In a totalitarian country, there are safeguards to protect an individual's right to freedom of expression, opinion, and organization. True False 15. It is possible to have a totalitarian state that is hostile to collectivism and where some degree of individualism is encouraged. True False 16. In a market economy, if demand for a product exceeds supply, prices will rise, signaling to producers to produce more. True False 17. The number of command economies has fallen dramatically since the demise of communism in the late 1980s. True False
8. Modern socialists trace their intellectual roots to Karl Marx (1818-83), although socialist thought clearly predates Marx. True False 9. In an individualist society, the welfare of society is best served by letting people pursue their own economic self-interest. True False 10. Aristotle argued that individual diversity and private ownership are undesirable. True False 11. The Cold War was a war between collectivism and individualism. True False 12. Most modern democratic states practice representative democracy. True False 13. Democracy is a form of government that prohibits opposing political parties. True 14. In a totalitarian country, there are safeguards to protect an individual's right to freedom of expression, opinion, and organization. True False 15. It is possible to have a totalitarian state that is hostile to collectivism and where some degree of individualism is encouraged. True False 16. In a market economy, if demand for a product exceeds supply, prices will rise, signaling to producers to produce more. True False 17. The number of command economies has fallen dramatically since the demise of communism in the late 1980s. True False
Test-Bank-for-International-Business-Competing-in-the-Global-Marketplace-10th-Edition-by-Hill.docx