Question

L 2.5.2 Test (CST): Revolutions in Science and Industry

Question 2 of 20
Which statement best exemplifies ideas consistent with socialism?
O A. Commerce and trade should be driven by the laws of supply and
demand.
OB. Profits from industrial production should be jointly shared by
members of the community.
OC. The economic health of an area is determined by its crops,
livestock, and factories.
OD. The government should manage all trade between individuals
inside and outside the country.
4
SUBMIT

Answer 1

The best exemplification of socialism is that profits from industrial production should be jointly shared by members of the community.

Step-by-step explanation:

The statement that best exemplifies ideas consistent with socialism is: Profits from industrial production should be jointly shared by members of the community. Socialism is an economic and political theory advocating for collective ownership and control of the means of production. This means that instead of private individuals or corporations profiting from industry, the community as a whole benefits from the profits. In this system, the goal is to prioritize the collective well-being over individual gain.

Learn more about Socialism