In a Planned Economy

question 129

Multiple Choice

In a planned economy,

• A)prices are used to coordinate economic activity.
• B)central planners set production targets and tell producers how to produce.
• C)high prices discourage use of the most scarce resources.
• D)central planners allow the price to determine distribution of a product.

---

Definitions:

Alternative Dispute Resolution

A range of processes that serve as an alternative to litigation for resolving disputes, including arbitration and mediation.

Job Descriptive Index

A validated questionnaire used for measuring an employee's job satisfaction across five dimensions: work, pay, promotions, supervision, and co-workers.

Job Satisfaction Instrument

A tool or survey designed to measure the degree of contentment a worker feels towards their job.

Voluntary Turnover

Turnover initiated by employees (often when the organization would prefer to keep them).