Help...Multiple CHOICE!!?
a - is much slower to take advantage of new technologies.
b - concentrates benefits on the most needy in society.
c - creates economic inequality within society.
d - deprives people of the freedom to decide for themselves how to use their own money.
2 - Private individuals and companies decide what products to manufacture and what prices to charge for goods in a:
a - market economy.
b - socialist economy.
c - command economy.
d - welfare state.
Thank you!
Answer:
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1 - One concern that socialists have about capitalism is that it:
c - creates economic inequality within society.
(however, income inequality results from inequality in competentenc, capability, productivity and efficiency and prior ownership of property)
2 - Private individuals and companies decide what products to manufacture and what prices to charge for goods in a:
a - market economy.
(But in a market economy private individuals have the full freedom of choice as regards what to buy at what prices and what bot to buy at what prices depending on their own taste and prefernces and needs besides capability to earn.)
c
a
1.c
2. a
These are really easy questions. You should have done them yourself/
Duh questions.
1. c
2. a
Question 1 = C
The theories of socialism first arose in the late eighteenth century in response to the Industrial Revolution where factory owners were becoming wealthy and the workers impoverished. Thus, workers wanted a greater share in the wealth that factories were making. Later a form of socialism called communism sprang up based on the writings of Karl Marx and Friedrich Engels. Communism advocates class struggle and revolution to establish a society of cooperation with strong government control. Communism predominated in the former Soviet Union and much of Eastern Europe at one time. Today it predominates in China and Cuba, but its influence has lessened.
Question 2 = A
A market economy is an economic system in which the production and distribution of goods and services take place through the mechanism of free markets guided by a free price system. In a market economy, businesses and consumers decide of their own volition what they will purchase and produce.
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