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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A measure of the dispersion or spread in a set of data from its mean, indicating the degree of variation or consistency.

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