Author Question: Under socialism, economic activity is guided by the principle of: a. private profit. b. public ... (Read 61 times)

rlane42 · **on:** Jul 1, 2018

Under socialism, economic activity is guided by the principle of:

a. private profit.
b. public need.
c. government profit.
d. elite needs.
e. the state knowing what is best for society.

Question 2

Which two developments undermine Marx's prediction about the end of capitalism?

a. labor unions and access to markets in developing countries
b. a reduction in greed and less inequality between classes
c. increased worker satisfaction and greater government regulation
d. labor unions and a move toward command economies