Under the Soviet System of Communism

question 212

Multiple Choice

Under the Soviet system of communism,

• A)managerial pay was determined by the extent to which managers could lower the per-unit costs of production.
• B)technological progress was slow because managers had little incentive to develop new technologies.
• C)competitive pressures in the Soviet Union allowed the country's technological progress to keep pace with the rest of the world.
• D)the per-worker production function in the Soviet Union shifted up more rapidly than production functions in other countries.
• E)worker's incentives exert effort were too strong, ultimately leading to a reduction in productivity.

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Definitions:

Expected Return

The anticipated return on an investment, accounting for various outcomes and their probabilities.

Cumulative Voting

A voting system that allows shareholders to allocate their total votes in any manner they choose among the candidates running for a position.

Minority Representation

The inclusion and representation of individuals from smaller or less dominant groups within a larger population, often in governance, organizations, or research.

Common Dividends

Payments made to shareholders from a company's earnings, reflecting the ownership interest in the corporation's profits.