Which of the following was NOT a problem for China's centralized economy?
A)Informational requirements
B)Incentives for efficiency
C)The emphasis on heavy machinery production
D)Low quality products
E)None of the above (they were all problems)

Question

Quizplus · Accepted Answer

All the options listed were indeed problems faced by China's centralized economy. Informational requirements were a challenge due to the difficulty in gathering and processing data necessary for planning. Incentives for efficiency were often lacking in a system where rewards were not always linked to performance. The emphasis on heavy machinery production often came at the expense of consumer goods and services. Lastly, the issue of low-quality products was a common problem due to lack of competition and incentives for innovation.

Which of the Following Was NOT a Problem for China's