Which of the Following Is the Underlying Principle of Socialism

question 63

Multiple Choice

Which of the following is the underlying principle of socialism?

• A) The welfare of individuals far outweighs the welfare of society.
• B) The well-being of the group supersedes the well-being of individuals.
• C) Capital and wealth should be vested in the hands of few and used primarily as a means of profit.
• D) The state should protect itself from individual and group interests.

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Definitions:

State Unemployment

Government-provided assistance for individuals who have lost their jobs and meet certain eligibility requirements.

Compensation Tax

Taxes applied on income, especially income generated from work or compensation for services.

Labor Department

A government body responsible for overseeing employment laws, workplace safety, and labor statistics.

Unemployment Insurance

A government-provided insurance that offers temporary financial assistance to workers who have lost their jobs through no fault of their own.