Under the Soviet system of communism
A) managerial pay was determined by the extent to which managers could lower the per-unit costs of production.
B) the per-worker production function in the Soviet Union shifted up more rapidly than production functions in other countries.
C) competitive pressures in the Soviet Union allowed the country's technological progress to keep pace with the rest of the world.
D) technological progress was slow because managers had little incentive to develop new technologies.
D
You might also like to view...
Refer to Table 2-5. Does either Estonia or Finland have an absolute advantage and if so, in what product?
A) Estonia has an absolute advantage in lumber. B) Finland has an absolute advantage in both products. C) Finland has an absolute advantage in lumber. D) Estonia has an absolute advantage in cell phones.
Raising taxes on interest and dividend income will increase the level of investment and economic growth
Indicate whether the statement is true or false