In practice, distribution under socialism is primarily determined by:
A. the ability of each individual to produce.
B. individual altruism and cooperation.
C. central planners within the government.
D. market forces of supply and demand.
Answer: C
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Use the following diagram for the corn market to answer the question below. 
If the price in this market is fixed at $2 per bushel, then
A. buyers will find too much corn in the market. B. buyers will be able to get as much corn as they wish to buy. C. sellers will not be able to sell all the corn that they intended to sell. D. sellers will quickly run out of corn that they bring to market.
During World War I (1914–18), the government did not have to rely on which one of the following reallocation devices?
(a) Inflation (b) Taxes (c) Borrowing (d) Rationing
A headline reads: "Economy Sinks Deeper into Recession." The type of unemployment most closely associated with this economic condition would be:
a. Search b. Structural c. Frictional d. Cyclical
If a technological advance expands output and requires a smaller investment in capital goods, this technological advance:
A. is capital-using. B. must involve nonfinancial investment. C. is capital-saving. D. must pertain to the infrastructure.