Which of the following statements about a planned economy is FALSE?
A) Planners determine what, and how many, goods and services are to be produced.
B) Planners can determine how goods and services are distributed using a rationing system.
C) Planners permit individuals to choose where on a production possibilities curve to operate.
D) Planners generally determine how goods or services will be produced by the types of resources that they make available.
Correct Answer:
Verified
Q90: In a planned economy the three basic
Q91: In a planned economy:
A) free enterprise is
Q92: A country that allows no market activity
Q93: An economic system where many of the
Q94: A socialist system:
A) shares the same essential
Q96: The main influence planners have over how
Q97: An advantage of a planned economy is:
A)
Q98: When centralized planning creates a problem for
Q99: Planning failure occurs when:
A) government planners pursue
Q100: A weakness of a planned economy is:
A)
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