Under Soviet-type economy-wide central planning ? – McqOptions

MCQOPTIONS

1.	Under Soviet-type economy-wide central planning ?
A.	most resource lack freedom to move to their highest value uses
B.	resources are free to move to their lowest cost uses
C.	resources owned by private entities moves to efficient use but not those owned publicly
D.	resources are privately owned by capitalists
Answer» B. resources are free to move to their lowest cost uses

Discussion

No Comment Found

Related MCQs

Which of the following is not a public policy to promote the private sector ?
A state planning ideology arose in LDCs as a reaction to nationalist perceptions of ?
Which of the following assumptions underlying input-output analysis raises about its validity ? I- The technical coefficients are fixed which means so substitution between inputs occurs II- There are no externalities so that the total effect of carrying out several activities is the sum of the separate effects III- Each good is produced by only one industry and each industry produces only one commodity IV- There is no technical change
Most mixed or capitalist developing countries are limited to an indicative plan, which indicates expectations, aspirations, and intentions ?
Branko Horvat’s historical review of the last two and one-half century indicates that in large part market or decentralized socialism ?
Polish economist Oskar Lange’s model of decentralized ______ combined the advantages of market allocation with more uniform income distribution by dividing the returns from social ownership of nonhuman productive resources among the whole population ?
A medium-term plan can be a(n) ________ revised at the end of each year?
Planning in many LDCs has failed because detailed programs for the public sector have not been worked out and ?
Under Soviet-type economy-wide central planning ?
Government’s use of coordinated policies to achieve national economic objectives is ?