Which of the following is a typical attribute of a socialist country?
A. Taxes are very high, particularly on the wealthy classes.
B. Cradle-to-grave security for its citizens.
C. A large-scale redistribution of income program from the wealthy and well-to-do to the middle class, working, class and the poor.
D. All of the choices are attributes of a socialist country.
D. All of the choices are attributes of a socialist country.
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Adolph Wagner wrote that the public sector would continuously and inevitably expand due to
a. bureaucratic self-interest. b. the "tyranny of the status quo". c. labor's increasing demand for social justice. d. increasing demand for military protection from international threats.
A person obtains income by selling the services of the resources that he or she owns
a. True b. False Indicate whether the statement is true or false