Perfect Central Planning Is Nearly Impossible for All of These

question 36

Multiple Choice

Perfect central planning is nearly impossible for all of these reasons except:

• A)​production processes between industries are often interdependent.
• B)​some processes must be decided together, and not individually, because of their interdependence.
• C)​if the output target for one industry is adjusted, many others must also be adjusted.
• D)​all of these reasons are correct.

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Definitions:

Correlation Coefficient

A numerical index that determines both the magnitude and orientation of a linear correlation between two variables, which can vary between -1 and 1.

Variables

Elements, features, or factors that are likely to vary or change among subjects in a study or a population.

Spearman Rank

An assessment of rank correlation using a non-parametric approach that evaluates the extent to which a monotonic function can accurately describe the relationship between two variables.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables, ranging from -1 to 1.