Multiple Choice
Which of the following is a problem inherent in centrally planned economies?
A) There are no problems and everyone,including consumers,is satisfied.
B) There is too much production of low-cost,high-quality goods and services.
C) Production managers are more concerned with satisfying government's orders than with satisfying consumer wants.
D) Unemployment is too high.
Correct Answer:
Verified
Correct Answer:
Verified
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