A. capitalism exploits the worker and socialism exploits the property owner
B. capitalism relies on the market to make economic decisions and socialism uses central planning
C. capitalism grows through rent seeking and socialism grows through government direction
D. capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction
Related Mcqs:
- ________ is setting the price steps between various products in a product the based on cost difference between the products, customer evaluations of different features, and competitors prices ?
A. Optional-product pricing
B. Captive-product pricing
C. Product line pricing
D. By-product pricing - Capitalism is an economies system ?
A. based on government intervention in the means of production
B. that originated in the United States in the 19th Century
C. Where private owners of capital make decisions based on profit
D. that dominated developing economies in the 19 Century - The Protestant Ethic and the Spirit of Capitalism was written by ?
A. Adam Smith
B. Max Weber
C. Joseph Schumpeter
D. William Baumol - Which statement best explains China’s economic shift towards capitalism in the 1980s and early 1990s ?
A. China’s economic policies were directly influenced by the success of the Soviet economic System
B. The Tiananmen Square massacre resulted in Major economic reforms in China
C. The success of the Cultural Revolution resulted in the increased westernization of china
D. communist economic policies were not meeting the needs of the society - Worker-managed socialism helped contribute to ________ ‘s rapid economic growth from 1959 to 1979?
A. Yugoslavia
B. Chile
C. Vietnam
D. Japan - Branko Horvat’s historical review of the last two and one-half century indicates that in large part market or decentralized socialism ?
A. has failed
B. works well in Utopia
C. is widely used in sub Saharan Africa
D. is the only way to eradicate poverty? - _______ represents the difference between what consumer have to pay for a product and what they are willing and able to pay ?
A. producer surplus
B. deadweight surplus
C. government surplus
D. consumer surplus - A product will be traded only if the pre-trade price difference between the two countries ?
A. is less than the cost of transporting it between them
B. is greater than the cost of transporting it between them equals the cost of transporting it between them
C. equals the cost of transporting it between them
D. more information in needed to answer this - The difference between gross investment and net investment is ?
A. depreciation of the existing capital stock
B. productive investment
C. dwellings
D. inventories - The difference between bid (buying) rates and ask (selling) rates is called the ?
A. profit
B. arbitrage
C. spread
D. forward transaction
