Question

Under socialism, prices and wages are set by
the government.
the law of supply and demand.
a committee of business leaders.
poltical leaders from all parties.

Answer 1

Answer:

The right answer is  "set  by the government."

Explanation:

Socialism has no free market. The state dictates prices, wages, allocation of resources, production goals and product distribution. There is no law of supply and demand as in a free-market economy.

Answer 2

Answer:

A. the government

Explanation:

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