Which statement would most likely be supported by someone who agreed with socialist philosophy?

a.
governments should regulate trade closely to increase the amount of gold in their reserves.

b.
prices should be set by the consumers, the producers, and the laws of supply and demand.

c.
the economic health of an area should be based on its number of factories.

d.
it is the role of the community to make sure that all people benefit from their hard work.

Correct

Explanation:

Socialism puts forth the goal that members of a society all contribute to each other's needs and provide help to one another.  The earliest socialist efforts were somewhat small-sized communities or groups that lived and worked together cooperatively, such as the factory town reformed by Robert Owen at New Lanark, Scotland.  In the modern world, socialism generally means national measures through taxes and government programs so that those with more resources in terms of private property provide aid to those less well off.

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