Characteristics of Democratic Socialism Include Public Ownership of Some Key

question 3

Multiple Choice

Characteristics of democratic socialism include public ownership of some key industries and astute management of important natural resources. The revenue from this sector is typically used to

• A) build up the military sector.
• B) finance a wide range of social welfare programs.
• C) fund surveillance programs.
• D) maintain the power position of the leading party.

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, measuring the benefit consumers receive from a transaction.

Free Trade

The absence of tariffs, duties, or trade barriers that allows for the unrestricted import and export of goods between countries.

Domestic

Pertaining to or produced within a country's borders, often in contrast to foreign or international.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.