A Major Premise of a Socialist System Is

question 69

Multiple Choice

A major premise of a socialist system is

• A) to make sure that the people who create wealth are allowed to keep that wealth.
• B) to reduce the inequality in the distribution of wealth.
• C) to create incentives to encourage entrepreneurs to create jobs and economic growth.
• D) to keep tax rates extremely low so that businesses do not need to support government projects.

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Definitions:

Internal Locus

The belief that one has control over their life events and outcomes, as opposed to external environmental factors.

Control

The power to influence or direct people's behavior or the course of events.

Subjective Well-Being

An individual's self-reported assessment of their own happiness and life satisfaction.

Sensation Seeking Scale

A psychological assessment tool designed to measure an individual's propensity for seeking varied, novel, complex, and intense sensations and experiences.