Question 6
MediumOriginal questionRead the two statements and choose the correct option.
I. In a socialist economy, the government decides what goods are to be produced.
II. In a socialist economy, private property is widespread.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
I is true: production follows the state's view of society's needs.
In a socialist society the state owns the means of production, so II is false.
- Concept
- Socialist economy
- Typical timeTypical
- 70 s
- Your timeYours
- —
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