The Coordination Problem in the Centrally Planned Economies Refers to the Idea

question 212

Multiple Choice

The coordination problem in the centrally planned economies refers to the idea that

• A) planners had to direct required inputs to each enterprise.
• B) the price level and the level of employment were inversely related.
• C) the immediate effect of more investment was less consumption.
• D) exports had to be equal to imports for a central plan to work.

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Definitions:

Accounts Identification

The process of classifying and labeling accounts in an accounting system to track financial transactions accurately.