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.
Correct Answer:
Verified
Q2: Which of the following is a reason
Q3: According to the text
A) what's good for
Q4: The text makes all of the following
Q5: In the text, the "Monopoly" game metaphor
Q6: The following are all elements of capitalism
Q7: The costs that firms create but taxpayers
Q8: According to the text, corporations have all
Q9: According to the text, elected officials are
Q10: According to the text, government regulation
A) invariably
Q11: According to the text, the principal cause
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