Future Business Leaders of America (FBLA) Agribusiness Practice Test

What characterizes fascism in terms of economic property?

1. All resources are collectively owned by the state

2. Productive property owned by individuals serves government preferences

3. Private ownership is eliminated completely

4. It focuses solely on agricultural production

The correct answer is: Productive property owned by individuals serves government preferences

The correct characterization of fascism in terms of economic property is that productive property owned by individuals serves government preferences. Fascism does not advocate for the total elimination of private ownership; rather, it seeks to control and direct private enterprise in a way that aligns with the goals and interests of the state. In a fascist regime, while individuals may still retain ownership of their businesses and property, the government heavily influences or dictates how these resources are utilized to serve the national agenda. This includes enforcing regulations, directing production, and making economic decisions that prioritize state aims over individual business interests. The other options suggest extremes that do not accurately depict fascist economic policy. For instance, the idea that all resources are collectively owned by the state aligns more closely with socialist or communist ideologies, where the state completely controls all means of production. The option stating that private ownership is eliminated completely also misrepresents fascism, as it allows for private enterprise under state influence. Lastly, the focus solely on agricultural production does not encompass the broader economic strategies employed by fascism, as these regimes often include industrial and military production as well.