Which statement is true? a) In recent years the U.S. economy has become primarily socialistic. b) There

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Which statement is true? 

a) In recent years the U.S. economy has become primarily socialistic.

b) There is one model for capitalism that virtually every capitalist economy follows closely.

c) The American economic model has been followed very closely by Japan since the late 1940s and China since the early 1980s.

d) There is no substantial difference between socialism and communism.

e) None of the above

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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