PLEASE HELPPP! Are these statements TRUE or FALSE

Capitalism: Individuals own businesses and freely choose what to buy and sell in
free markets with little government interference.
Example: USA, Japan

Socialism: Many but not all business are owned and controlled by the government
Example: Sweden, Denmark

-True

-False

Why was the sixteenth amendment important to woodrow wilson’s efforts to regulate the economy? a) the sixteenth amendment lowered interest rates charged by banks. b) the sixteenth amendment allowed congress to levy an income tax c) the sixteenth amendment lowered tariffs on imported goods d) the sixteenth amendment allowed congress to break up monopolies