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The Central Planning Approach Failed Because of Problems of Information

question 147

True/False

The central planning approach failed because of problems of information and incentives.


Definitions:

Limbic System

A complex system of nerves and networks in the brain, involved in instinct and mood. It controls the basic emotions (fear, pleasure, anger) and drives (hunger, sex, dominance, care of offspring).

Cerebellum

A region of the brain important in motor control and coordination.

Reticular Formation

A network of nerve pathways in the brainstem involved in consciousness and the regulation of sleep-wake cycles.

Brainstem

The part of the brain connecting the spinal cord with the forebrain and cerebrum, controlling basic life functions.

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