Which of the following statements concerning capitalism and socialism is false?
A)Sweden is more of a socialist economy than is Hong Kong.
B)Government plays a larger role in a capitalist economy.
C)There is more economic planning in a socialist economy.
D)The Canadian economy is more socialist than is the US economy.

Question

Quizplus · Accepted Answer

This statement is false as the government usually plays a larger role in socialist economies, while capitalism emphasizes free markets with lower government intervention.

Which of the Following Statements Concerning Capitalism and Socialism Is