When Central Planners in a Command Economy End Up Having

question 8

Multiple Choice

When central planners in a command economy end up having a huge surplus of shoes and widespread shortages of bread in their economy, they have failed to attain

• A) productive efficiency.
• B) allocative efficiency.
• C) minimum opportunity costs.
• D) maximum process and revenues.

---

Definitions:

Intrinsic Motivation

The drive to engage in activities for their own sake, deriving pleasure and satisfaction from the activity itself rather than from any external rewards.

Individualistic Cultures

Individualistic Cultures emphasize personal goals, autonomy, and independence, valuing individual achievement over collective interests.

Collectivist Cultures

Societies that prioritize the group over the individual, stressing community, cooperation, and interdependence.

Self-regulation

The ability to monitor and control one's behavior, emotions, or thoughts, adapting to situations and pursuing long-term goals.