Multiple Choice
Which of the following statements is true about socialist economy?
A) It is an economic system that is based on private ownership, economic freedom, and fair competition.
B) Tax revenues fund services that citizens in free enterprise systems would have to pay for themselves.
C) The dynamic interaction between buyers and sellers decides the prices in the market.
D) Enterprises are run efficiently in the best interest of the government.
Correct Answer:
Verified
Correct Answer:
Verified
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