Which of the Following Describes the Former Soviet Union's Economy

question 244

Multiple Choice

Which of the following describes the former Soviet Union's economy through most of the second half of the 20th century?

• A)The Soviet economy grew rapidly in the later half of the 20th century.
• B)The Soviet economy increased capital per worker very slowly from 1950 through 1980.
• C)The Soviet economy grew slowly because of the slow rate of technological change.
• D)The Soviet economy grew because it added labour through its immigration policy in the 1950s.
• E)The Soviet economy grew because it was able to develop new technology faster than most others.

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Definitions:

Investment Centers

Parts of an organization that are responsible for their revenue, expenses, and investment in assets, allowing for a close measure of profitability.

Transfer Pricing

The pricing of goods, services and intangibles between associated enterprises that are under common ownership or control.

Selling Division

A segment or branch of a company responsible for marketing and selling its products or services.

Full Cost

The total cost of production that includes both direct costs, like raw materials and labor, and indirect costs, like overhead.