In a Planned Economy

question 129

Multiple Choice

In a planned economy,

• A)prices are used to coordinate economic activity.
• B)central planners set production targets and tell producers how to produce.
• C)high prices discourage use of the most scarce resources.
• D)central planners allow the price to determine distribution of a product.

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Definitions:

Fluid Intelligence

Mental flexibility; the ability to process information rapidly.

Susceptible

Likely or liable to be influenced or harmed by a particular thing.

Amenorrhea

The absence of menstruation in a woman of reproductive age.

Menopause

The cessation of menstruation.