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When Critics Charge That the Bailout Package Sponsored by President

Question 1

Multiple Choice

When critics charge that the bailout package sponsored by President Obama is one in which "losses are socialized and profits privatized," they mainly mean


A) the U.S. economy has become a socialist economy in which the government gets all the profits from economic activity.
B) taxpayers end up paying for corporate losses, but corporations keep the profits.
C) corporate profits eventually go to the government, but losses are borne by the corporations.
D) there is too much government regulation of business.
E) there is not enough government regulation of business.

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