Planning failure occurs when:
A) government planners pursue noneconomic goals rather than economic goals.
B) the price system produces a problem for society or fails to achieve society's goals.
C) government intervention in a market distorts price signals and produces inefficiency.
D) centralized decision making produces a problem for society or fails to achieve society's goals.
Correct Answer:
Verified
Q94: A socialist system:
A) shares the same essential
Q95: Which of the following statements about a
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
Q100: A weakness of a planned economy is:
A)
Q101: In a planned economy:
A) the wants and
Q102: A mixed economy is one:
A) that depends
Q103: An advantage of classifying economies according to
Q104: The world's economies:
A) are all either capitalist
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