Asked by
Alexis Crider
on Oct 13, 2024Verified
Sweden and Norway would best be described as _______ countries.
A) Capitalist
B) Fascist
C) Communist
D) Socialist
Sweden
A country in Northern Europe known for its high standard of living, comprehensive welfare system, and as a member of the European Union, but not using the euro as its currency.
Norway
Norway is a Nordic country located in Northern Europe, known for its extensive coastline, mountainous terrain, and significant oil reserves, which is one of the world's wealthiest nations per capita.
Socialist
refers to a political and economic theory of social organization which advocates for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.
- Learn the key principles and intended outcomes of various economic models, such as capitalism, socialism, and communism.
Verified Answer
AB
Learning Objectives
- Learn the key principles and intended outcomes of various economic models, such as capitalism, socialism, and communism.