Socialism Under Stalin Was an Economic System Characterized by _______

question 123

Multiple Choice

Socialism under Stalin was an economic system characterized by _______ ownership of the factors of production and allocative decisions made _______ .

• A) private; through markets
• B) private; by the government
• C) government; through markets
• D) government; by the government

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Definitions:

Floor Rates

The minimum interest rate agreed upon in a financial contract, below which the rate cannot fall.

Put Option

Financial contract that gives the holder the right to sell an asset at a specific price within a specified period.

Obligation

A duty or commitment that one is bound to by law, promise, or moral responsibility.

Sell

The act of transferring ownership of a security or other asset in exchange for money or value.