In a planned economy, the concept of efficiency is
A. more important than in a market economy.
B. less important than in a market economy.
C. not important at all.
D. as important as in a market economy.
Answer: D
Economics
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In Econland, 500,000 of the 2 million people in the country are employed. Average labor productivity in Econland is $15,000 per worker. Real GDP per person in Econland totals:
A. $3,750. B. $11,250. C. $60,000. D. $1,250.
Economics
All of the following could shift the demand curve except
A. a change in the price of substitutes. B. a shift of the supply curve. C. a rise in income. D. a rise in population that buys the good.
Economics