Which of the following statements is true? a. The United States today comes closer to the socialist

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Which of the following statements is true?

a. The United States today comes closer to the socialist form of economic organization than it does to capitalism.

b. When central planners set prices above equilibrium for goods and services, they create shortages.

c. According to Karl Marx, under capitalism, workers would be exploited and would revolt against the owners of capital.

d. Adam Smith argued that government’s role in society would be to do absolutely nothing.

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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