A socialist economy in theory:
A) requires private ownership of property.
B) is coordinated by the invisible hand.
C) expects people to be altruistic.
D) expects people to be selfish.
Correct Answer:
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Q30: In the mercantilist system:
A) markets, rather than
Q31: Market and socialist economies can be contrasted
Q32: In socialism:
A) economic forces do not operate.
B)
Q33: Through most of the 20th century in
Q34: In practice, distribution under socialism is primarily
Q36: Socialism in theory is based on the
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Q39: During the Industrial Revolution:
A) feudal lords lost
Q40: In a socialist economic system:
A) markets are
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