Answer Happy

37. It is often argued that, under socialism, the distribution of income will be a) more equal than under market capitalism. b) less equal than under market capitalism. c) about the same as under market capitalism. d) impossible to assess due to differences in both systems. 38. In describing the Chinese economics system the term "Socialist Market Economy" was first used by a) Mao b) Xi c) Stalin d) Zemin e) Deng 39. Objective of Soviet material balance planning was a) Pareto optimality. b) optimality. c) consistency. d) efficiency. e) none of the above. 40. Comparing Chinese and Russian communism one can say that: a) Maoism emphasized the leadership of peasant class b) Stalinism emphasized industrial workers' leadership c) Stalin believed in unbalanced economic growth in favor of agricultural sector. d) Mao wanted to eliminate all agricultural communes e) Only a and b are correct 41) Moral Hazard Problem is a) a the practice of charging no fee for rides in the country fairs. b) a result of asymmetric information c) stems from inability to exclude individuals from consuming collective consumption goods d) exist in less developed countries