Scandinavian nations that adopt the social democratic model

are capitalist, despite their reputations as socialist countries, because:
a. private ownership of the means of production prevails, and the state sets neither prices nor production levels.
b. the nation's high welfare state spending is funded mostly by private enterprise.
c. it is a democratic nation with universal suffrage and protection of civil liberties.
d. famous companies such as H&M and Volvo are based in Scandinavian nations.

Answer: a