QUESTION
Which of the following is most likely to be advocated by individualism?
A. Communal property is more highly productive than private property.
B. Public good should be preferred over private profit.
C. State-owned companies should monopolize certain industries.
D. The welfare of society is best served by some collective body such as government.
E. Free market ideologies should be followed for achieving better standards of living.
ANSWER
E
In practical terms, individualism translates into an advocacy for democratic political systems and market economics, which in general creates a more favorable environment for international businesses to operate in.
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