Question:

Please please please please help!!!?

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1. Which of the following statements about socialism is false?

a) people still make economic decisions

b)people can own private property.

c)the government owns some large industries such a health care and the railroads

d) the government tells people where to work

2. Which of the following statements is true for capitalist economy?

a)most of the businesses are owned by the government

b)the factors of production are owned mostly by the people

c)the government controls most of the economy

d)the government tells people where to work.

THANKS!!!

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3 ANSWERS


  1. b)people can own private property.

    b)the factors of production are owned mostly by the people


  2. 1. b-one of the defining marks of (pure) socialism is the lack of private property

    2. b-capitalism has minimal government involvement

  3. The first two responders are incorrect.  They are confusing communism with socialism.

    1 d

    2 b

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