In the context of planned economies, countries that adopted communism in 1900s developed:
A) individualism and narcissistic values among people.
B) a plethora of choices regarding jobs and buying options.
C) transparency at every level of government.
D) crippling shortages and surpluses.

Question

Quizplus · Accepted Answer

Planned economies under communism often faced inefficiencies in resource allocation, leading to shortages of some goods and surpluses of others due to centralized planning and lack of market signals.

In the Context of Planned Economies, Countries That Adopted Communism