Central Planning of Resource Allocation

question 84

Multiple Choice

Central planning of resource allocation:

• A) was attempted by the United States during the 2007-2009 financial crisis.
• B) can succeed even if the central planners do not have perfect information on the best uses of resources.
• C) was the dominant economic planning method used in both the former Soviet Union and China.
• D) insures all resources are used appropriately.

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