Command economies strictly rely on sophisticated input-output analysis to allocate resources.
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Q16: There is only one efficient allocation of
Q17: Each point on a production possibilities frontier
Q18: Higher efficiency in the economy can be
Q19: Scarcity limits the volume of goods that
Q20: Price decreases always increase economic efficiency.
Q22: Distribution is a major question to be
Q23: Central planning is an efficient method for
Q24: High prices do not occur in laissez-faire
Q25: Any increase in efficiency increases only profits
Q26: The price mechanism solves the "for whom"
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