2. Study Questions and Problems #2 In the following table, indicate whether each characteristic is a weakness of capitalism or of socialism. (Hint: If a characteristic is relevant to both systems, select both. If a characteristic is irrelevant to both systems, select neither.) Characteristic Income inequality Failure to protect environment Undeprovision of public goods Economic inefficiency Capitalism Socialism

2. Study Questions and Problems #2 In the following table, indicate whether each characteristic is a weakness of capitalism or of socialism. (Hint: If a characteristic is relevant to both systems, select both. If a characteristic is irrelevant to both systems, select neither.) Characteristic Income inequality Failure to protect environment Undeprovision of public goods Economic inefficiency Capitalism Socialism

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter5: Difficult Cases For The Market And The Role Of Government

Section: Chapter Questions

Problem 6CQ

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