Which of the Following Describes Socialism as Practiced Today in Sweden

question 19

Multiple Choice

Which of the following describes socialism as practiced today in Sweden?

• A)The government does not attempt to manage the overall economy,but owns a number of major industries and provides for people's basic economic needs.
• B)The government manages the overall economy through ownership of most major industries,and does not allow private property.
• C)The economy operates almost exclusively on private transactions.
• D)The government does little to manage the economy and owns no major industries,serving mainly to provide for people's basic economic needs.
• E)Firms are largely free to make their own production,distribution,and pricing decisions,and individuals depend largely on themselves for economic security.

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Definitions:

Components

Individual parts or elements that, when combined, form a complete system or product.

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices.

Business Functions

The fundamental activities that are necessary for the operation of a business, such as marketing, finance, and human resources.

Production Processes

The methods and sequences of operations used to produce a good or service.