Question

Abby left her native land in Eastern Europe in order to become a nanny for a family in a western suburb of Chicago, Illinois. One of the benefits of her arrangement was that she could attend the community college near her family's residence. When she arrived at her new job, she experienced the differences from a predominately socialist nation and a capitalist nation. Abby noted that public transportation in northern Illinois was limited and expensive, making it difficult to get to school. For a negligible fee, the government in her native country provided public transportation for everyone. Abby's native country's economic system was more characteristic of socialism.
a. True
b. False

Answer 1

Answer:

a. True

Explanation:

In simple terms, socialism is a political and economic theory that states that everyone in society equally owns the factors of production. On the other hand, capitalism states that there is a private ownership of the means of production and their operation for profit.

Usually in socialist nations the government aids its citizens in various ways, that is the reason why Abby's native country's economic system is believed to be more characteristic of socialism.