Which of the Following Statements Is True

question 39

Multiple Choice

Which of the following statements is true ?

• A) The United States today comes closer to the socialist form of economic organization than it does capitalism.
• B) When central planners set prices above equilibrium for goods and services they create shortages.
• C) According to Karl Marx, under capitalism, workers would be exploited and would revolt against the owners of capital.
• D) Adam Smith argued that government's role in society would be to do absolutely nothing.

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Definitions:

Supply Chain Financial Impact

The effect that supply chain operations and efficiency have on the financial health and profitability of a company.

Supply Chain Costs

All expenses associated with the production and delivery of a company's products from raw materials sourcing to final delivery to the customer.