Socialism is
a. a system in which the government does not engage in economic planning or oversee an extensive welfare state, rather, it owns certain individual enterprises, which are typically in lucrative industries such as energy.
b. a system in which the government intervenes in the economy to guide economic activities in an effort to foster economic growth.
c. a set of government programs that provide significant welfare benefits and services.
d. a system in which the state owns the means of production, employs workers, and makes decisions about production and distribution.
e. a system that allows significant government involvement in the economy in order to protect domestic economic interests.
D
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President Clinton's 1996 entitlement reforms gave welfare recipients two years to get off government assistance
Indicate whether the statement is true or false
Under considerable fiscal stress due to a decline in federal aid and increased federal mandates, states have
a. been unable to balance their budgets. b. dramatically increased their capacities. c. maintained the service and program levels typical of the late 1970s. d. had a dramatic decrease in their capacities.