What are some of the forms that central planning has taken in developing nations today?
What will be an ideal response?
In some countries central planning has replaced market-based outcomes with direct, administratively determined controls over such economic variables as prices, output, and employment. In others it has amounted to no more than formulation of 5- or 10-year goals as rough blueprints for the nation's future.
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Under the _____ arrangement, the exchange rate is adjusted periodically by small amounts at a fixed, pre-announced rate or in response to certain indicators
a. currency board b. crawling peg c. reserve currency d. conventional fixed peg e. independent float
When an economy experiences significant economic growth:
a. a negative relationship exists between output per capita and adult literacy rates. b. an indirect relationship exists between output per capita and adult literacy rates. c. a direct relationship exists between output per capita and adult literacy rates d. no observed relationship exists between output per capita and adult literacy rates.