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24. Macroeconomic Schools of Thought
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Problem 15
24. Macroeconomic Schools of Thought
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22. Macroeconomic Schools of Thought / Communism and Karl Marx / Problem 15
Problem 15
How do the theoretical principles of communism differ from their practical applications in countries like North Korea and Cuba?
A
Theoretical communism encourages private ownership, while practical applications nationalize industries.
B
Theoretical communism aims for equality, while practical applications often result in authoritarian regimes.
C
Theoretical communism supports individualism, while practical applications enforce collectivism.
D
Theoretical communism promotes free markets, while practical applications restrict economic freedom.
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