In a ______ System, the Government Owns All of the Nation's

question 152

Multiple Choice

In a ______ system, the government owns all of the nation's major industries but still allows private ownership in less crucial areas.

• A) communism
• B) socialism
• C) capitalism
• D) mixed economy

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Definitions:

Food, Conservation, and Energy Act

A comprehensive farm bill passed by the U.S. Congress in 2008 that aimed to provide funding for agricultural programs, renewable energy, conservation, and food assistance.

Farm Subsidies

Financial aid and support provided by the government to farmers and agribusinesses to supplement their income and manage the supply of agricultural commodities.

Direct Payments

Payments made directly by the government to farmers, individuals, or businesses not requiring the provision of goods or services in return.

Countercyclical Payments

Government payments made to individuals or firms during times of economic downturns to offset decreases in demand and stabilize the economy.