The Absence of Which of the Following Leads to Constant

question 58

Multiple Choice

The absence of which of the following leads to constant shortages and shoddy goods under communism?

• A)Import restrictions
• B)Free markets
• C)Central planning
• D)Structural policy

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Definitions:

Credit Balance

An accounting term that signifies a positive balance in a liability, revenue, or equity account, which increases on the credit side and decreases on the debit side.

Petty Cash Fund

A nominal sum of cash reserved for quick payments of assorted trivial expenses.

Replenishing

Refers to the process of adding stock or supplies to bring quantities back up to predetermined levels.

Debit To Cash

An accounting entry that increases the cash balance in a company's books, reflecting an influx of money.