Q
The essential difference between capitalism and socialism is that ?
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A
A. Capitalism exploits the worker and socialism exploits the property owner
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B
B. Capitalism relies on the market to make economic decisions and socialism uses central planning
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C
C. Capitalism grows through rent seeking and socialism grows through government direction
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D
D. Capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction
Correct Answer:
B. B. Capitalism relies on the market to make economic decisions and socialism uses central planning
