Governments that were predominantly capitalistic are moving toward socialism,while governments that were predominantly socialistic are moving toward capitalism.
Level of Learning 1: Knowledge of key terms

Question

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This statement is true. Many governments have shifted their economic policies over time, and some that were previously more capitalistic have moved toward socialism, while others that were more socialistic have moved toward capitalism. Examples of this include China's shift toward a mixed economy with capitalist elements, and many European countries' adoption of social welfare programs.

Governments That Were Predominantly Capitalistic Are Moving Toward Socialism,while Governments