Asked by Madison Forte on Jul 20, 2024
Verified
All of the following countries have been described as socialist economies,except
A) Norway
B) France
C) Sweden
D) The United States
Socialist Economies
Economic systems where the production and distribution of goods and services are controlled by the government with an aim towards equal distribution of wealth.
The United States
The United States is a federal republic consisting of 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant influence on global politics, economy, and culture.
Norway
A Scandinavian country known for its vast landscapes, fjords, and high living standards.
- Acquire knowledge about the varied characteristics that differentiate capitalist, socialist, and centrally planned economies.
Verified Answer
LL
Lindsey LingerfeltJul 22, 2024
Final Answer :
D
Explanation :
The United States has not been described as a socialist economy, while Norway, France, and Sweden are often referred to as having socialist elements within their market economies.
Learning Objectives
- Acquire knowledge about the varied characteristics that differentiate capitalist, socialist, and centrally planned economies.