menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 11: The Case for Free Markets: the Price System
  5. Question
    In a Planned Economy, the Concept of Efficiency Is
Solved

In a Planned Economy, the Concept of Efficiency Is

Question 114

Question 114

Multiple Choice

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q109: In a free-market system, producers will react

Q110: Under laissez-faire, the allocation of scarce resources

Q111: In a free-market economy, prices coordinate society's

Q112: The price mechanism solves the "for whom"

Q113: How does the task of production planning

Q115: The selection of particular products' production processes<br>A)determines

Q116: The price system rations goods among consumers

Q117: The saying "the lower the price, the

Q118: Figure 11-2<br>​ <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 11-2 ​

Q119: It is true that the distribution process

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines