10
QuizMultiple Choice

Socialism and Communism — Quiz

Question 10 • World History: Issues and Patterns

In a socialist economy, what typically influences the prices of national goods and services in key industries?

Answer
A
a committee of business leaders
B
a group of politicians from all parties
C
the government of the country
D
the law of supply and demand

Explanation

In a socialist economy, the government typically plans or regulates key industries, including setting or influencing the prices of their goods and services. The law of supply and demand is more characteristic of prices determined in a market economy, so the correct choice is the government of the country.

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