European Socialism and Economic Systems Quiz
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Questions and Answers

What economic system is commonly associated with Europe?

  • Capitalism (correct)
  • Feudalism
  • Communism
  • Socialism
  • Which economic system advocates for public ownership of the means of production?

  • Capitalism (correct)
  • Feudalism
  • Communism
  • Socialism
  • In a socialist economy, who typically owns the means of production?

  • Private individuals (correct)
  • International organizations
  • Corporations
  • The government
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