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Which of the Following Statements Is True

Question 2

Multiple Choice

Which of the following statements is true?


A) Command economies do a better job at maximizing social welfare in comparison to market economies.
B) The incentive problem and the coordination problem lead to lower efficiency in market economies.
C) Central planners in command economies have to make decisions that prices would automatically have made in market economies.
D) Bringing economic agents together to trade is easier in command economies than in market economies.

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