"Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to the right places at the right time. This is a nearly impossible task without markets and profits." This quotation best identifies the
A)incentive problem under central planning.
B)coordination problem under central planning.
C)self-sufficiency dilemma under communism.
D)resource overcommitment problem under communism.

Question

Quizplus · Accepted Answer

The quotation highlights the difficulty of coordinating production and distribution of goods without the signals provided by markets and profits, which is known as the coordination problem under central planning.

"Under Central Planning, Some Group Has to Decide How to Get