The Congressional Budget Office evaluates the economic effects of different spending programs and provides information to Congress on the anticipated cost of proposed policies

Socialism is

a. a system in which the government does not engage in economic planning nor 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. the economic approach that emphasizes government ownership of the means of production and government control of economic decisions such as the supply and prices of particular products. e. a system that allows significant government involvement in the economy in order to protect domestic economic interests.

A government ruled by a small number of powerful elites over the majority is referred to as a(an):

What will be an ideal response?