Central Planning Proved to Be a Failure in Communist Countries

question 50

Multiple Choice

Central planning proved to be a failure in communist countries in part because of:

• A) abundant market information.
• B) unquestioned reliance on the price system.
• C) insufficient use of government ownership.
• D) inadequate rewards for innovation.

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Definitions:

Learned Helplessness

The condition of experiencing an intense lack of control, typically resulting from a traumatic incident or persistent unsuccessful efforts.

Aversive Events

Unpleasant or harmful events or stimuli that an organism seeks to avoid or minimize.

Passive Resignation

A state of accepting or submitting without resistance, often characterized by lack of action or initiative.

Personal Control

The degree to which an individual believes they can influence their environment and the outcomes of events in their life.