Which of the following was not a priority of Soviet planners?
(A) Luxury items for consumers.
(B) Space program.
(C) Heavy machinery manufacturing.
(D) Defense injury.
Ans: (A) Luxury items for consumers.
Economics
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In developing economies, the fraction of the economy in non-market transactions can be as much as
A. 50 percent. B. 25 percent. C. 75 percent. D. 10 percent.
Economics
Refer to the information provided in Figure 4.3 below to answer the question(s) that follow.
Figure 4.3Refer to Figure 4.3. At an effective price ceiling for pencils,
A. quantity demanded is greater than quantity supplied. B. quantity demanded is equal to quantity supplied. C. quantity demanded is less than quantity supplied. D. price is above equilibrium.
Economics