In a centrally planned economy
A) consumers do not have to consider prices when shopping.
B) prices are zero.
C) The government sets prices and decides how much of each good is to be produced.
D) producers have an incentive to produce those goods most desired by consumers at the lowest cost.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In a centrally planned economy A) consumers do not have to consider prices when shopping. B) prices are zero. C) The government sets prices ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which unrealized gain affects a company's earnings per share? A. Unrealized gain on trading and AFS debt securities B. Unrealized gain on AFS debt securities C. Unrealized gain on HTM securities D. Unrealized gain on trading debt securities
Answers (1)
Which of the following factors played an important role in speeding up globalization
Answers (1)
What is the biggest difference in who controls the 401 (k) and IRA retirement plans?
Answers (1)
Regatta, Inc., has six-year bonds outstanding that pay an 8.25 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 6.875 percent. How much will you be willing to pay for Regatta's bond today
Answers (2)
Hire someone to manage the restaurant for the next year and retire. This will require the owner to spend $50,000 now, but will generate $100,000 in profit next year. In one year the owner will sell the restaurant for $350,000. 3.
Answers (1)
New Questions in Business
Economic exposure, a category of foreign exchange risk, is distinct from transaction exposure, which is concerned with the effect of exchange rate changes on individual transactions, most of which are short-term affairs that will be executed within
Answers (1)
According to liquidity preference theory, if there were a surplus of money, then A. the interest rate would be above equilibrium and the quantity of money demanded would be too large for equilibrium. B.
Answers (1)
Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results while operating at 75% of plant capacity: Sales (349,400 units) $ 4,372,000 Cost of goods sold 2,595,000 Gross profit
Answers (1)
What equipment should you use to reheat food? A. A stove B. A heat lamp C. A steam table D. A chafing dish
Answers (1)
A small multifamily property generates $50,000 in rental income, $10,000 in expenses, and $25,000 in debt service. The property appreciates about $25,000 each year. What is the cash flow on this property?
Answers (1)