Who was the leader that introduced communism and central planning to the former Soviet Union?

a) Karl Marx
b) Joseph Stalin
c) Vladimir Lenin
d) Friedrich Engels

Ans: c) Vladimir Lenin

Economics

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If a firm experiences positive technological change, it is able to produce more output using the same inputs

Indicate whether the statement is true or false

Economics

Figure 19.1 shows the actual behavior of inventories. Based on the figure, in which month is the discrepancy between the actual level of inventories and the desired level of inventories likely to have been smallest?

A) March 2012 B) September 2009 C) March 2010 D) September 2010

Economics