Which of the following statements is false?
A. The price mechanism is most important under capitalism.
B. The five-year plan was the main economic plan of the former Soviet Union.
C. In most fascist economies, the means of production was left in private hands, with varying degrees of government interference.
D. The main criticism of socialist countries is that they gave their citizens too many benefits.
D. The main criticism of socialist countries is that they gave their citizens too many benefits.
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The one determinant of the growth of capital per person that can be affected by policy is the
A) depreciation rate. B) saving rate. C) money supply growth. D) rate of technological change.
At a point on a production possibilities curve, opportunity cost of more capital goods today is
A) fewer capital goods in the future. B) fewer consumer goods in the future. C) fewer consumer goods today. D) more unemployed resources in the future.