In the Mid-1980s,in Which Communist Country Did the Credo Change

question 139

Multiple Choice

In the mid-1980s,in which communist country did the credo change from "From each according to his ability,to each according to his needs" to "More pay for more work,less pay for less work"?

• A)The Soviet Union
• B)Vietnam
• C)Cuba
• D)China

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Definitions:

Monopolist Profit

The profit earned by a monopolist, which arises from controlling the market supply of a good or service and setting prices above marginal costs.

Maximize Profits

The process or strategy of adjusting production or operations to generate the highest possible financial gain.

Task Performance

The execution and completion of specific tasks or duties as part of one's role or job responsibilities.

Teamwork

The collaborative effort of a group to achieve common goals or complete tasks in the most effective and efficient way.