Which Statement Is Most Accurate

question 24

Multiple Choice

Which statement is most accurate?

• A)Communism is completely dead as an economic system.
• B)Communism is the wave of the future.
• C)Although the United States is nominally a capitalist society,we have a basically communist economy system.
• D)The American economy is guided almost entirely by the price mechanism.

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Definitions:

One-Year Rule

A legal principle stating certain contracts must be in writing if they cannot be performed within one year.

Oral Promise

A commitment or agreement conveyed through spoken words rather than in written form, which may or may not be legally binding.

Real Property

Land and any structures affixed to it, including rights associated with ownership of the land and its buildings.

Prevent Fraud

The set of strategies, actions, or measures implemented to detect, stop, and deter deceptive practices intended to gain unlawful or unfair advantage.