MCQOPTIONS
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| 1. |
The essential difference between capitalism and socialism is that ? |
| 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 |
| Answer» C. capitalism grows through rent seeking and socialism grows through government direction | |