Which of the Following Is NOT True About Socialism

question 17

Multiple Choice

Which of the following is NOT true about socialism?

• A) Socialism involves an economic ideology in which the government or state plays a strong role in the economy and may own stakes in certain businesses.
• B) Countries with socialist economies aspire to be "classless."
• C) Socialistic economies tend to be somewhat more collectively than individualistically oriented.
• D) Many European countries have strong socialistic orientations.
• E) Socialistic countries put a high degree of importance upon worker and labor rights.

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Definitions:

Tax Benefits

Tax benefits refer to deductions, exclusions, or credits that reduce the amount of taxes owed to the government.

Music Industry

The music industry consists of businesses and individuals who create, produce, market, and distribute musical performances and recordings.

Conglomerates

Large corporations composed of diverse companies or divisions across multiple industries, often resulting in expanded market presence or influence.

Music Sales

The transaction and distribution of musical recordings or compositions, generating revenue for artists, record labels, and distributors.