Language: English
Question 171 · Federal question
Social market economy means the economy...
German original (as asked in the real test)
Soziale Marktwirtschaft bedeutet, die Wirtschaft …
- A steuert sich allein nach Angebot und Nachfrage.
- B wird vom Staat geplant und gesteuert, Angebot und Nachfrage werden nicht berücksichtigt.
- C richtet sich nach der Nachfrage im Ausland.
- D richtet sich nach Angebot und Nachfrage, aber der Staat sorgt für einen sozialen Ausgleich. ✓ Correct answer
Translation
Social market economy means the economy...
- A is governed solely by supply and demand.
- B is planned and controlled by the state, supply and demand are not considered.
- C is oriented towards foreign demand.
- D is governed by supply and demand, but the state ensures social balance. ✓ Correct answer
Explanation
Germany's soziale Marktwirtschaft lets supply and demand set prices while the state steps in to guarantee social balance, for example through social insurance. It is neither pure free-market nor centrally planned.
Tips
- Market plus state balance is the formula, pure supply and demand alone, or full state planning alone, both miss the mark.
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