Most nations operate in the capitalist system of production and consumption.
Since the end of the feudal system, the world underwent transformations that culminated in economic systems based on barter and mercantilism, which in turn allowed for the existence of industrial revolutions and which were the basis for the capitalist system of production as it is today.
In last century, Capitalism and communism competed for world hegemony until the end of the Cold War, when the bipolarized world gave way to what today times capitalist hegemony in most countries with a few countries in communist systems.
Answer:
- When policies and laws are set at the state or local level, citizens are better enabled to develop the skills, habits, and dispositions necessary for responsible participation in democratic self-government.
- When states maintain a certain amount of autonomy and independence, they are better able to check the power of the central government and thereby preserve liberty.
Explanation:
Government authority is a synonym for power. It is the basis of any kind of hierarchical organization, especially in the political system. It is a kind of power that is continued over time, stabilized and can be characterized as institutionalized or not, in which subordinates render obedience to the individual or institution holding the authority.
Many people advocate government authority in the larger state sphere, meaning they believe it is right that there is less national government authority. For these people, this would be correct because:
- When policies and laws are set at the state or local level, citizens are better enabled to develop the skills, habits, and dispositions necessary for responsible participation in democratic self-government.
- When states maintain a certain amount of autonomy and independence, they are better able to check the power of the central government and thereby preserve liberty.
Answer:
The investigator should discuss the pros and cons of both the investigational drugs and the drugs that are commercially available drug and then allow the subject so that he can decide whether to withdraw form the ongoing research to take the new drug.
Explanation:
When the 46-year man enrolled in the Phase III study of the drug. When the research was going on a new drug became available in the market in that case the investigators should discuss the benefits and the drawbacks of the investigational drug and the other drug that is commercially available then let the subject decide whether to keep on the research or not.
Answer: Option (c) is correct.
Explanation:
Average propensity to consume refers to the fraction of income that is spent on consumption. It is determined by dividing the consumption level of an individual by income.
Average propensity to consume (APC) = 
Hence, as the income of an individual increases, as a result average propensity to consume falls because the denominator part of an equation become more larger than the numerator part.
