Which of the following is NOT a characteristic of socialism:
A) government should decide which goods are produced, how they are distributed, and at what prices they are sold
B) government owns and operates strategic business and industry
C) pursuit of profit encouraged
D) government is responsible for guaranteeing a minimum standard of living for everyone.
Question 2
Which of the following is NOT a characteristic of capitalism:
A) free-market competition
B) government is responsible for a guaranteed minimum level of living for citizens
C) private ownership of property
D) pursuit of profit
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Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan