Which of the following statements is false?
A) Decisions about what to produce in the former Soviet Union were made primarily by political leaders.
B) Soviet planners consistently set prices that were too high, and this led to severe shortages.
C) Soviet plant managers lacked incentives to adopt new technologies.
D) Soviet plant managers lacked incentives to cut costs.

Question

Quizplus · Accepted Answer

Soviet planners actually set prices that were too low, not too high, which led to chronic shortages of goods because consumers had more money to spend than there were goods available in the market.

Which of the Following Statements Is False