Author Question: Democratic socialism is: a. a convergence of capitalism and socialism. b. Karl Marx's model of ... (Read 156 times)

lb_gilbert · **on:** Jul 1, 2018

Democratic socialism is:

a. a convergence of capitalism and socialism.
b. Karl Marx's model of an ideal economic system.
c. Adam Smith's model of an ideal economic system.
d. a logical impossibility.
e. all of the above

Question 2

Which of the following is a major defect of socialist economies, from the point of view of capitalists?

a. They do not provide worker incentives, encourage wasteful consumption, and are inefficient and less productive.
b. They do not provide for a progressive tax structure.
c. They do not seek innovation in industry.
d. They waste too much time talking instead of doing.
e. They are less likely to invest in technology until it is out of date.