Which of the following applies to a real-world socialistic ...

[maychende]

Which of the following applies to a real-world socialistic economy?
 a. Private ownership of all factors of production.
  b. Government ownership of all factors of production.
  c. Government ownership of most of the factors of production.
  d. Lack of central planning.

Question 2

If the MPS = .25, and investment falls from 100 to 75, real GDP will decrease by:
 a. 25.
  b. 75.
  c. 150.
  d. 125.
  e. 100.

[Jadwiga9]

Answer to Question 1

c

Answer to Question 2

e