Which of the following is an advantage of communism?
A) Because all firms are owned by the same entity, research and development can be shared by all producers.
B) There is a much greater emphasis on advertising in communism than in other economic systems.
C) Prices send producers and consumers important signals about the value of resources and output.
D) Shared income increases the incentive to produce.
Correct Answer:
Verified
Q89: An economy in which economic decisions are
Q90: Capitalism is also known as a _
Q91: Which of the following statements about socialism
Q92: Which of the following statements about communism
Q93: Most economies in the world are:
A) mixed.
B)
Q95: An economic system under which general assemblies
Q96: Explain the similarities and differences between a
Q97: Pizza is made using ovens, dough, sauce,
Q98: Define the economic resource that is known
Q99: List the different types of spending (including
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents