Large Scale Central Planning Has Been Abandoned Throughout the World

question 68

Multiple Choice

Large scale central planning has been abandoned throughout the world because of ______ problems.

• A) information and transactions cost
• B) incentives and asymmetry
• C) information and incentives
• D) communication and complexity

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.