The Failure of Communism in a Large Number of Countries

question 90

Multiple Choice

The failure of communism in a large number of countries is at least partly explained by

• A)the fact that those countries relied absolutely on the invisible hand.
• B)the fact that those countries did little or nothing to restrict trade with other countries.
• C)the lack of information,on the part of central planners in those countries,about tastes and preferences in their economies.
• D)the lack of information,on the part of central planners in those countries,about how much authority the government had in affecting economic outcomes.

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Definitions:

Limited Problem Solving

A consumer decision-making process used for purchases that require a moderate amount of effort and time for information gathering and deliberation.

Video Game Console

A dedicated electronic device designed to play video games that are typically connected to a television or other display screen.

Gamer Friends

Individuals who connect and build relationships based on their shared interest in video games.

Cognitive Dissonance

The psychological discomfort felt when holding two or more conflicting beliefs, ideas, or values at the same time.