Socialism in Yugoslavia Was Characterized By

question 95

Multiple Choice

Socialism in Yugoslavia was characterized by:

• A) private ownership of all factories.
• B) low living standards compared to the Soviet Union.
• C) less equal income distributions than market capitalist economies.
• D) high unemployment rates.

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Definitions:

Horizontal Restraint

involves agreements among competitors operating at the same level of the market or supply chain to limit competition or manipulate market conditions.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or internationally.

Price Fixing

An illegal practice where competing companies agree on selling prices of their products or services, rather than allowing market forces to set them.

Price Discrimination

A practice of charging different prices to different customers for the same product or service, where such differences are not justified by differences in cost.