Which of the Following Is a Problem Inherent in Centrally

question 73

Multiple Choice

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

• A)There are no problems and everyone,including consumers,is satisfied.
• B)There is too much production of low-cost,high-quality goods and services.
• C)Production managers are more concerned with satisfying government's orders than with satisfying consumer wants.
• D)Unemployment is too high.

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Definitions:

Demographic Trends

Patterns and changes in the composition of a population over time, such as age, race, and gender distributions.

Political System

The set of formal legal institutions that constitute a government or a state. This includes laws, policies, and procedures that define the way a state is governed.

Hispanics

People from, or descendants of people from, Spanish-speaking countries, especially those living in the United States.

Latinos

A term used to describe people of Latin American origin or descent, often living in the United States.