Coordination problems have led to the failure of command systems. Which of the following best exemplifies this problem?
A) Managers had no incentive to address market surpluses or shortages, as long as they met production goals.
B) Workers were not motivated to work hard because of a lack of consumer goods to purchase.
C) Command economies try to minimize the use of capital goods, making production less efficient.
D) The complexity of production processes made it difficult to assure that all necessary inputs were provided at the right time and in the right amount.
Correct Answer:
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Q1: Which statement best describes a capitalist economy?
A)
Q2: Which statement best describes a command economy?
A)
Q3: Since the end of World War II:
A)
Q4: Which of the following statements is most
Q5: Based on the Index of Economic Freedom
Q6: Which of the following statements is most
Q8: Which of the following success indicators is
Q9: Which of the following statements best describes
Q10: Q11:
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