In a nutshell what has been the reality of central planning?
What will be an ideal response?
The reality of central planning is that it is technically difficult, highly politicized, and a nightmare to administer.
Economics
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Which is a teenager most likely to have demand for?
a. new sports car b. luxury condominium b. athletic shoes d. building blocks
Economics
The ________ represents the additional revenue that comes from using one more unit of input.
A. average revenue product B. learning curve C. marginal revenue product D. economic profit
Economics