Central Planning Usually Fails Because

question 208

Multiple Choice

Central planning usually fails because:

• A) of the scarcity of resources.
• B) of problems of inadequate demand and supply.
• C) central planners rely on market forces.
• D) of information and incentive problems.

---

Definitions:

Fame And Fortune

Fame and fortune refer to the state of being well-known and financially successful, often seen as a desirable status in society.

Self-efficacy

An individual's belief in their own capability to execute behaviors necessary to produce specific performance attainments.

Professional Careers

Employment paths that require specialized training or education and often entail a higher degree of responsibility and ethical standards.

Role Models

Individuals admired for their qualities or achievements, who serve as positive examples for others to emulate.