Factors Contributing to the Collapse of Centrally Planned Economies Include

Multiple Choice

Factors contributing to the collapse of centrally planned economies include all the following EXCEPT ________.

A) little attention was paid to the task of producing quality goods and services at the lowest possible cost
B) government ownership of economic resources reduced incentives for people and organizations to maximize the benefits obtained from the resources
C) economic growth in countries like Hong Kong, Singapore, South Korea, and Taiwan took opportunities away from the centrally planned economies and caused economic distress
D) would-be consumers in many centrally planned economies were tired of standards of living that had slipped far below those of their counterparts in market economies