In most failed centrally planned economies,________.
A) market conditions helped determine who produced various goods
B) prices of products were a function of supply and demand
C) central planning agencies specified production goals and decided prices
D) central planners paid attention to efficiency improvement
Correct Answer:
Verified
Q27: North Korea practises a policy of self-reliance
Q29: Nations with the poorest infrastructures and lowest
Q30: All the following are true of centrally
Q31: The United Nations' human development index (HDI)measures
Q33: A by-product of the centrally planned economy
Q34: One of the key obstacles faced by
Q35: The human development index (HDI)demonstrates that high
Q54: Nations are commonly classified as being either
Q57: Both GDP per capita and GNP per
Q64: Central planning is rooted in the ideology
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents