One Basic Problem Faced by Central Planners, but Hardly Present

question 98

Multiple Choice

One basic problem faced by central planners, but hardly present in a market system, has to do with

• A)determining the production goals or targets in a factory.
• B)having limited resources and trying to match them with unlimited wants.
• C)coordinating production in various industries so that bottlenecks do not develop.
• D)providing financial resources for increasing the real flows of products in the economy.

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Definitions:

Performance

The execution and completion of tasks or actions, often measured against preset standards of accuracy, speed, and efficiency.

Winter Showcase

An event, often in the arts, where talents or projects are displayed during the winter season.

Chorus

A group of singers who perform together, often in harmony, as part of a larger performance.

LSAT Scores

The numerical scores obtained from the Law School Admission Test, used by law schools as a standard measure of a candidate’s readiness for law education.