In socialism:
A) economic forces do not operate.
B) individuals are encouraged to act for their own benefit.
C) government planning, rather than the market, is relied upon to coordinate economic activity.
D) distribution is determined by the individual's ability.
Correct Answer:
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Q27: In principle, socialism is:
A) less concerned about
Q28: Capitalism:
A) is based on private property and
Q29: Suppose that at the current price, waffle
Q30: In the mercantilist system:
A) markets, rather than
Q31: Market and socialist economies can be contrasted
Q33: Through most of the 20th century in
Q34: In practice, distribution under socialism is primarily
Q35: A socialist economy in theory:
A) requires private
Q36: Socialism in theory is based on the
Q37: In the former USSR, state planners decided
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