Ask Question
30 September, 19:31

Which of the following does the government do in a socialist country?

O

O

O

A. Guarantee property rights.

B. Ensure free choice for consumers.

c. Protect the profit motive.

O

D. Set prices for goods and services.

+4
Answers (2)
  1. 30 September, 19:46
    0
    The correct answer is D) Set prices for goods and services

    The government in a socialist country does the following: Set prices for goods and services.

    The government of a socialist country does exactly the opposite of what a government does in a capitalist country. Capitalism favors the free market, private property, entrepreneurship, and free trade. The opposite happens in a socialist economy. The government controls the means of production. It decides what to produce when to produce, how much to produce, and the price od the products. In a socialist country, there is no private property.
  2. 30 September, 19:47
    0
    It's D. Socialist governments control the entire economy.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following does the government do in a socialist country? O O O A. Guarantee property rights. B. Ensure free choice for ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers