In a planned economy:
A) the wants and needs of everyone in the society can be satisfied.
B) unemployment is difficult to eliminate because planners prefer using machines, rather than people, in production.
C) the elapsed time from the beginning of a plan to the time of production can cause products that were once desired to no longer be in demand.
D) production bottlenecks and stoppages can be eliminated because planners can anticipate all problems and control their effects.
Correct Answer:
Verified
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)
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
Q105: Which of the following countries would rely
Q106: Which of the following countries would rely
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