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:

Twice

Occurring two times; indicating the occurrence of something two times.

Eu-

A prefix meaning good, well, or true, often used in scientific and medical terms.

Good

A term that denotes something with desirable qualities, beneficial, or morally right.

Normal

Conforming to a standard or typical value, condition, or behavior considered usual or expected.