The Soviet Union Set Prices and Quotas for Production and Consumption

question 30

Multiple Choice

The Soviet Union set prices and quotas for production and consumption of commodities,following communist principles.This approach to economics is an example of a __________ economy.

• A)centrally planned
• B)locally planned
• C)stagnant
• D)leading

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Definitions:

Ethical Leader

A leader who prioritizes ethical considerations and moral integrity in decision-making and influences others to do the same.

Organization Strengthens

The process of a company or institution enhancing its capabilities and resources to achieve its goals.

Leader-Member Exchange Model

A theory highlighting the importance of the relationship between leaders and team members in determining organizational outcomes.

Unique Working Relationships

Distinctive interpersonal connections at the workplace characterized by originality in interactions, dynamics, or mutual expectations.