A factory in a centrally planned economy produces 1,000 left shoes and no right shoes. No corresponding factory produces only right shoes. This outcome is an example of inefficiency in
a. output selection.
b. production planning.
c. product distribution.
d. market segmentation.
a
Economics
You might also like to view...
Trade agreements help to lower barriers to trade
a. True b. False
Economics
When the dollar depreciates, U.S
a. net exports rise, which increases the aggregate quantity of goods and services demanded. b. net exports rise, which decreases the aggregate quantity of goods and services demanded. c. net exports fall, which increases the aggregate quantity of goods and services demanded. d. net exports fall, which decreases the aggregate quantity of goods and services demanded.
Economics