Julio has lived all his life in a country operating under a strongly socialist economy. Compared to a resident of the United States, Julio and his fellow citizens likely experience all of the following EXCEPT which?
A) less poverty
B) lower infant mortality
C) lower taxes
D) higher life expectancy
E) a developed welfare state
Answer: C
Explanation: C) To pay for extensive services of the welfare state, taxes in socialist counties are generally higher than those in capitalist countries.
Business
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