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:

Employer-Required Benefits

Benefits that employers are mandated by law to provide to their employees, such as social security, workers compensation, and unemployment insurance.

Employee Selection

The process of interviewing and evaluating candidates for a specific job and choosing the most suitable one.

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity.

Early Retirement Incentive Program

A program that offers workers financial incentives to retire early.