One of the Most Significant Problems Faced by Communist Economies

question 155

Multiple Choice

One of the most significant problems faced by communist economies is:

• A)a great inequality in the distribution of wealth and income.
• B)severe inflationary pressures due to rapid economic growth.
• C)too little government regulation of economic activity.
• D)persistent shortages of basic goods such as food and clothing.

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Definitions:

Distortion of Judgment

refers to the impairment or alteration of an individual's ability to make clear, rational decisions or assessments due to various influences.

Group

A collection of individuals who come together for a common purpose or to achieve a shared goal.

Coaction Effect

is a phenomenon observed in social psychology where the presence of others engaged in the same task can influence an individual's performance.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically showing improvement on tasks.