EXPLAIN EACH CONCEPT 2 cowsSOCIALISM. State takes one and gives it to someone elseCOMMUNISM. State takes both and gives you milkFASCISM. State takes both and sells you milkCAPITALISM. You sell one and buy a bullSocialism:Communism:Fascism:Capitalism:

Please find the detailed answer of all the four given options below-

Answered: SOCIALISM. State takes one and gives it…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 2PA

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SOCIALISM. State takes one and gives it to someone else COMMUNISM. State takes both and gives you milk FASCISM. State takes both and sells you milk CAPITALISM. You sell one and buy a bull