"Under Central Planning, Some Group Has to Decide How to Get

question 142

Multiple Choice

"Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to the right places at the right time. This is a nearly impossible task without markets and profits." This quotation best identifies the

• A)incentive problem under central planning.
• B)coordination problem under central planning.
• C)self-sufficiency dilemma under communism.
• D)resource overcommitment problem under communism.

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Definitions:

Goods

Tangible, movable items or merchandise that can be bought, sold, or traded, excluding real estate.

Assignor

A person who assigns rights or delegates duties under an assignment.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

General Course

A broad educational path focusing on a wide range of subjects or skills.