Which of the following is a major defect of socialist economies, from the point of view of capitalists?
a. They do not provide worker incentives, encourage wasteful consumption, and are inefficient and less productive.
b. They do not provide for a progressive tax structure.
c. They do not seek innovation in industry.
d. They waste too much time talking instead of doing.
e. They are less likely to invest in technology until it is out of date.
A
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The text differentiates between policies and __________, the practical applications that fulfill policy goals
Fill in the blanks with correct word
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