Which of the Following Emerged During the Failure of Centrally

question 47

Multiple Choice

Which of the following emerged during the failure of centrally planned economic systems?

• A)black markets
• B)public markets
• C)free enterprise system
• D)market economies

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Definitions:

Franchisor

Firm whose products are sold to customers by the franchisee.

Franchisee

Individual or business firm purchasing a franchise.

Internal Locus

A psychological term referring to the belief that one has control over their life events and outcomes rather than external forces.

Need to Achieve

An individual's desire for significant accomplishment, mastering of skills, control, or high standards.