Which of the following is true of an economy that operates entirely through central planning?
A)An individual's success in business is based on political savvy rather than economic profitability.
B)There is relative ease in matching resource allocation to consumer demand by the central planners.
C)Central planners receive market information and coordinate economic activity through the price mechanism.
D)The system adapts easily to technological change, because there is a healthy entrepreneurial spirit.

Question

Quizplus · Accepted Answer

Central planning economies often rely on political decisions rather than market forces for business success, making political savvy crucial.

Which of the Following Is True of an Economy That