Under a socialist economic system, key decisions about what to produce and in what quantities are typically made primarily through:
A.
A purely random lottery system, with no rational decision-making process at all
B.
Centralized economic planning by the state or other collective bodies, rather than primarily through the interplay of market forces of supply and demand
C.
Decisions made exclusively by individual foreign investors
D.
A system in which no economic decisions are ever made by anyone
B. Centralized economic planning by the state or other collective bodies, rather than primarily through the interplay of market forces of supply and demand
8.
Under a socialist economic system, key decisions about what to produce and in what quantities are typically made primarily through:
A.
A purely random lottery system, with no rational decision-making process at all
B.
Centralized economic planning by the state or other collective bodies, rather than primarily through the interplay of market forces of supply and demand
C.
Decisions made exclusively by individual foreign investors
D.
A system in which no economic decisions are ever made by anyone
B. Centralized economic planning by the state or other collective bodies, rather than primarily through the interplay of market forces of supply and demand
9.
Socialism generally seeks to minimise or eliminate which key driving feature commonly associated with capitalist economies?
A.
The private profit motive as the primary driver of economic activity and decision-making
B.
The provision of any public services by the government
C.
The existence of any agricultural activity whatsoever
D.
The use of any form of currency in economic transactions
A. The private profit motive as the primary driver of economic activity and decision-making
11.
Karl Marx's distribution principle specifically associated with 'socialism' (as a transitional stage, distinct from the later stage of communism) is generally summarised as:
A.
'From each according to his ability, to each according to his contribution (or work)'
B.
'From each according to his need, to each according to his ability'
C.
'From each according to his wealth, to each according to his political connections'
D.
'From each according to his nationality, to each according to his religion'
A. 'From each according to his ability, to each according to his contribution (or work)'
12.
Karl Marx's distribution principle specifically associated with 'socialism' (as a transitional stage, distinct from the later stage of communism) is generally summarised as:
A.
'From each according to his ability, to each according to his contribution (or work)'
B.
'From each according to his need, to each according to his ability'
C.
'From each according to his wealth, to each according to his political connections'
D.
'From each according to his nationality, to each according to his religion'
