Which of the Following Is a Problem Inherent in Centrally

question 88

Multiple Choice

Which of the following is a problem inherent in centrally planned economies?

• A)Households and firms make poor decisions in choosing how resources are allocated.
• B)There is too little production of low-cost, high-quality goods and services.
• C)Production managers are more concerned with satisfying consumer wants than with satisfying government's orders.
• D)Exports tend to exceed imports.

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Definitions:

Unwanted Motivation

Motivation that is unintended or undesirable, often leading to behaviors that are not aligned with an individual's long-term goals or values.

Unwanted Response

A behavior or reaction that is not desired or intended in a particular context or situation.

Mowrer's Two-Factor Theory

A theory that combines both classical and operant conditioning to explain the development and maintenance of phobias.

Punishment

A consequence that decreases the likelihood of a behavior being repeated by applying an undesirable stimulus or removing a desirable one.