If products were in short or surplus supply in the Soviet Union,
A)price and profit signals eliminated those shortages and surpluses.
B)price and profit signals intensified those shortages and surpluses.
C)producers would not react because no price or profit signals occurred.
D)the planners would immediately adjust production to achieve equilibrium.

Question

Quizplus · Accepted Answer

In the Soviet Union, the economy was centrally planned, meaning that prices and production levels were determined by the government rather than market forces. Therefore, producers did not respond to price or profit signals because such signals were largely absent in this system.

If Products Were in Short or Surplus Supply in the Soviet