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