Question

Truth or False: the distribution of goods and services in socialist economic systems is determined by consumer spending

Answer 1

[AI-generated answer — Bot GPT 3.5]

False. In socialist economic systems, the distribution of goods and services is typically determined by central planning, where the government or a centralized authority decides how resources should be allocated. Consumer spending may still play a role in some aspects, but it is not the primary determinant of distribution in socialist economies.