Planned economies
a. can increase production rapidly but are likely to be inefficient
b. can produce efficiently but can't guarantee consumers' needs are met
c. can produce efficiently, but only at low levels of output
d. can provide for all society's needs, but are likely to be inefficient
e. none of the above
A
Economics
You might also like to view...
The M2 multiplier in the United States is currently about
A) 16. B) 23. C) 4. D) 50. E) 1.
Economics
Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes would:
a. increase the budget deficit. b. decrease money supply in the economy. c. reduce the aggregate price level. d. reduce the disposable income of households. e. reduce the volume of international trade.
Economics