Perfect central planning is nearly impossible for all of these reasons except:
a. production processes between industries are often interdependent
b. some processes must be decided together, and not individually, because of their interdependence.
c. if the output target for one industry is adjusted, many others must also be adjusted.
d. all of these reasons are correct.
d
Economics
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If the quantity of loanable funds supplied is greater than the quantity demanded, then there is a
a. shortage of loanable funds and the interest rate will fall. b. shortage of loanable funds and the interest rate will rise. c. surplus of loanable funds and the interest rate will fall. d. surplus of loanable funds and the interest rate will rise.
Economics
Free markets coordinate economic activity in such a way as to eliminate the possibility of inflation or unemployment.
Answer the following statement true (T) or false (F)
Economics