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Author Question: The term socialism refers to which of the following? a. A religion centered on community ... (Read 19 times)

Caiter2013

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  • Posts: 607
on: Jun 30, 2018
The term socialism refers to which of the following?
 a. A religion centered on community interaction.
  b. An economic system characterized by private ownership of resources, and decentralized market allocation.
  c. An economic system characterized by government ownership of resources and centralized allocation.
  d. None of the above answers are correct.

Question 2

If an increase in investment of 50 causes an increase in real GDP of 250, the value of the spending multiplier is:
 a. 5.
  b. .20.
  c. .80.
  d. 3.
  e. 10.


debra928

  • Sr. Member
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  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


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