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:

10% More

Indicates an increase or addition of ten percent to a given number or value.

7% Less

A reduction by seven percent from a previous amount or value.

Standard & Poor's 500

An American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.

Stock Index

A statistical measure that shows changes in the stock market by tracking selected stocks' prices.