Multiple Choice
Which is true of an economy which operates entirely through central planning?
A) Individual economic incentive is reduced by the absence of the profit motive
B) There is relative ease in matching resource allocation to consumer demand
C) Central planners receive market information through the price mechanism
D) The system adapts easily to technological change
Correct Answer:

Verified
Correct Answer:
Verified
Q87: An increase in the demand for a
Q88: Consumers express self-interest when they:<br>A) Seek the
Q89: In a market system, the task of
Q90: With specialization in a market economy, individual:<br>A)
Q91: Laissez-faire capitalism limits the government's economic functions
Q93: If a nation restricts trade with other
Q94: The following table illustrates alternative production techniques
Q95: Suppose a firm can produce 70 units
Q96: The idea that the desires of resource
Q97: In the circular flow diagram, firms get