If products were in short or surplus supply in the Soviet Union,
A)price and profit signals eliminated those shortages and surpluses.
B)price and profit signals intensified those shortages and surpluses.
C)producers would not react because no price or profit signals occurred.
D)the planners would immediately adjust production to achieve equilibrium.Topic: Economic Systems

Question

Quizplus · Accepted Answer

In the Soviet Union, a centrally planned economy, prices and profits did not guide production decisions. Instead, the government set production targets, so producers did not react to shortages or surpluses based on price or profit signals.

If Products Were in Short or Surplus Supply in the Soviet