Multiple Choice
Under socialism:
A) a major goal of the government is to create incentives to encourage entrepreneurs to create jobs and economic growth.
B) the basic goal is to make sure that those that create wealth are allowed to keep that wealth.
C) a major goal of the government is to reduce the inequality in the distribution of wealth.
D) the most important goal of the government is to keep tax rates extremely low.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Socialism and communism are both variations of
Q96: In perfect competition, each firm produces a
Q154: The CPI is based on what is
Q155: In Canada,massive government support was needed to
Q156: Microeconomics focuses on the decisions and behaviour
Q159: When the economy is weak,government revenues in
Q162: A typical demand curve shows that:<br>A)as people
Q163: One of the dangers of free markets
Q209: Most communist countries today are suffering from
Q292: Although changes in the CPI provide interesting