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QuizMultiple Choice

Comparing Economic Systems — Quiz

Question 1 • MASTER COURSE United States History

How do socialism and communism compare?

Answer
A
Only socialism allows for the private ownership of property.
B
Both require complete government control of the economy.
C
Only communism is associated with democratically elected governments.
D
Both are equally practiced in some mixed-market economies.

Explanation

Socialism generally allows some private ownership, while communism aims for common or state ownership of productive property. Therefore, only socialism allows private ownership in this comparison. The other choices overstate government control or mischaracterize democratic governments and mixed-market economies.

AI-written and checked against the verified answer.

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