The Problems of Central Planning Become Less Complex as an Economy

question 154

True/False

The problems of central planning become less complex as an economy grows in size over time.

---

Definitions:

Sir Walter Raleigh

An English adventurer, writer, and courtier of Queen Elizabeth I, known for popularizing tobacco in England and for his attempts to establish colonies in the Americas.

Virginia Company

A joint-stock enterprise that King James I chartered in 1606. The company was to spread Christianity in the New World as well as find ways to make a profit in it.

Functioning Society

A social group or system working effectively together with established structures and institutions that maintain its stability and development.

Richard Hakluyt

Richard Hakluyt was an English writer, geographer, and promoter of the English colonization of North America, known for compiling and publishing detailed accounts of exploratory voyages in the late 16th century.