Solved

In a Centrally Planned Economy

Question 14

Multiple Choice

In a centrally planned economy,


A) unemployment has always been very widespread.
B) wages tend to be exceptionally high for low-skill jobs and low for high-skill jobs.
C) the labor market does not function freely and there is essentially no such thing as unemployment.
D) laborers have remained unemployed because of technology displacement.

Correct Answer:

verifed

Verified

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

Related Questions