The Transition to a Market-Oriented Economy Characterized by Rising Unemployment

question 101

Multiple Choice

The transition to a market-oriented economy characterized by rising unemployment and higher prices suggests that

• A) government must continue to centrally plan all resource allocations to production.
• B) a social safety net including unemployment compensation, and food, clothing, and housing subsidies for those in need will be politically popular.
• C) government must set wages, prices, and interest rates.
• D) government must continue to centrally plan the distribution of all output into consumption.

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Peer Experiences

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Cognitive Impairment

A reduction in cognitive functions such as memory, decision-making, and attention, which can interfere with daily life activities.

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The condition of being protected from or unlikely to cause danger, risk, or injury.

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