Which statement is the most accurate?
A) Ordering a pencil for work in a communist economy usually is less complicated than the same process in a capitalist economy.
B) Rules and regulations bind Communist bureaucrats because there is no trust that a bureaucrat can make simple business decisions.
C) Because of underlying trust,business flows smoothly in virtually all communist societies.
D) Ordering a pencil for work is equally complicated in a capitalist and a communist business.
Correct Answer:
Verified
Q160: Capital
A)is the key to every society's standard
Q161: All capitalist economies
A)can operate without government establishing
Q162: Which of the following is a typical
Q163: In a pure capitalist economy,"what to produce"
Q164: The economist who argued that most prices
Q166: Statement I: In a centrally planned economy
Q167: Statement I: Karl Marx would have approved
Q168: Adam Smith
A)argued that capitalism is often confused
Q169: Capitalism is based on all of the
Q170: An example of a public good is
A)a
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