Which of the Following Is a Correct Characterization of Socialism

question 38

Multiple Choice

Which of the following is a correct characterization of socialism?

• A) Tradition answers the basic economic questions.
• B) Markets are used exclusively to answer the basic economic questions.
• C) Central planning is seldom used to answer the basic economic questions.
• D) Government ownership of many resources and centralized decision-making answers the basic economic questions.

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Definitions:

Medium Of Communication

A means or channel through which information or messages are transmitted from one entity or person to another.

Change Someone's Opinion

The process of influencing or persuading someone to reconsider and potentially alter their beliefs or views on a particular topic.

Both Sides

A phrase referring to considering or acknowledging all aspects or viewpoints of a situation or argument.

Reducing Prejudice

Efforts and strategies aimed at decreasing prejudicial attitudes and discrimination between groups of people.