1. Which of the following describes socialism?



a. government plans the economy


b.an attempt to eliminate the differences between the rich and the poor


c. both of the answers on this question are true




1.With which of the following would Karl Marx agree?



a. Capitalism


b. Socialism


c. Keynesian Economics


3. What is capitalism based on?



a. money in the marketplace


b. government control


c. manufacturing


4. Which of the following has the idea that the marketplace and not the government will decide what is made and sold?



a. Socialism


b. Communism


c. Capitalism