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1. Socialism is defined as an economic system in which A. everyone is guaranteed a job. B. all households have the exact same levels of income and consumption. the means of production are collectively owned by all people in society (without intervention by a government or state). D the means of production are owned by the government. 2. Which of the following would be considered a "Natural Asset"? A. The Marcellus Shale (the largest shale natural gas play in the United States, with reserves of 139.4 trillion cubic feet as of 2019). B. The "college education" which has been acquired by roughly 32% of the U.S. population. C. The Volvo automotive production factory in Ridgeville, SC. D None of the above answers is correct. 3. Rhonda owns 145 acres of land in southern Alabama. She has decided to sell this land to a housing developer who plans to build a new residential community. When selling her land, Rhonda is exercising a in regards to her property. A right to control B. right to restitution C. right to transfer right to production