Socialists saw state socialism as:
A. the final stage of socialism.
B. a state following pure socialism.
C. a transition stage to pure socialism.
D. a preliminary state leading to capitalism.
Answer: C
You might also like to view...
Economies of scope are cost reductions achieved by
A) the production of multiple, related products. B) the production of large amounts of a single product. C) limiting the size of the firm. D) increasing firm size.
Assuming that the average duration of its assets is five years, while the average duration of its liabilities is three years, then a 5 percentage point increase in interest rates will cause the net worth of First National to decline by ________ of
the total original asset value. A) 5 percent B) 10 percent C) 15 percent D) 25 percent
At __________ income levels on the LM curve, the interest rate must be __________
A) higher; lower B) lower; higher C) higher; unchanged D) higher; higher
Assume a simplified banking system subject to a 20 percent required reserve ratio. If there is an initial increase in excess reserves of $100,000, the money supply:
a. decreases $500,000. b. increases $500,000. c. increases $600,000. d. increases $100,000.