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3 american gov questions?-10 points?


Which of the following is one of the principle components of capitalism?

a "bull" economy
government ownership
collective resources
competition





Which of the following is NOT one of the ways that the federal government is involved in the U.S. economy?

setting tariffs on exports
regulating business practices
taxing citizens
providing social services




Which of the following is NOT a principle component of socialism?

nationalization of some industries
economic planning by a central authority
high tax rates on citizens
government ownership of all factors of production

1) competition

2) taxing citizens- the IRS is not a body of the government, it is privately run organization similar to the Federal Reserve

3)I think this answer should be none of the above but if i had to pick one i would say ...high tax rate

competition
providing social services (the irs is part of the government if they were a private company then you would not go to the federal penetentiary for tax evasion (al capone leonna helmsley) also as a private company they would not be able to sieze a citizens assets
on this i would have to say nationalization of some industry i believe it would be all industry(of the people to the government by the people)

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