What was the term used to describe several industrial countries and majority of these countries either practiced a socialistic system of government or a communist system of government?Question 5Select one:a.First Worldb.Second Worldc.Third Worldd.Fourth World

Command economies are often described as socialist or communist systemsTrueFalse

.An economic system whereby the government controls the means of production and shares the wealth of the nation equally is called  _____________a. Communismb. Capitalism c.c. Socialismd. Oligarchy.

Which economic system is being practiced is most countries of the world?a.Market economyb.Traditional economyc.Mixed economyd.Command economy

After World War II, the least economically developed countries of the world were labeled the __________.A.First WorldB.Fourth WorldC.Third WorldD.Second World

The term ______ is often used as shorthand for poor or developing nations.Question 1Select one:a.Fourth Worldb.Second Worldc.First Worldd.Third World