Which of the following is most likely to be a shortcoming of a command economy?
A) Insufficient incentives for high productivity
B) Severe economic cycles
C) Production for profit rather than need
D) Excessive competition
E) All of the above
Correct Answer:
Verified
Q5: In which of the following ways can
Q6: In a market economy, the factors of
Q7: Adam Smith's concept of the "invisible hand"
Q8: In a command economy, the value of
Q9: Which of the following is most likely
Q11: In a mixed economy,
A) most key infrastructure
Q12: The use of tariffs and quotas is
A)
Q13: While competition in a market economy can
Q14: "Opportunity cost" refers to
A) what someone is
Q15: Which of the following is NOT a
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