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One of the Biggest Problems with Centrally Planned Economies Is

Question 66

Multiple Choice

One of the biggest problems with centrally planned economies is that:


A) central planners have limited information on the true value of the various ways to utilize scarce resources.
B) they fail to reach economic efficiency because their policies limit global trade.
C) workers have little incentive to work for the central planner.
D) they typically have higher levels of corruption compared with market economies.

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