The Assignment of Inputs to Specific Industries by Central Planners

question 106

Multiple Choice

The assignment of inputs to specific industries by central planners is made difficult by

• A)the interdependency among industries.
• B)lack of data for decision making.
• C)the danger of a chain reaction among industries if an error is made at any point.
• D)All of the above are correct.

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Definitions:

Goal-Directed Behaviors

Actions taken by an individual or organism with the intention of achieving a specific outcome or fulfilling a particular purpose.

Bindra

A theorist known for contributing to the understanding of motivation and emotion through the concept of drive reduction.

Positive Incentives

Rewards or benefits that motivate individuals to perform certain actions or behaviors.

Negative Incentives

Penalties or undesirable outcomes that are used to discourage certain behaviors or decisions.