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Author Question: Typically, administrative and bureaucratic procedures ________. A) speed up the investment ... (Read 76 times)

asd123

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on: Jul 7, 2018
Typically, administrative and bureaucratic procedures ________.
 
  A) speed up the investment activities of firms
  B) hinder the activities of importers
  C) boost investment activities
  D) harm late importers

Question 2

Explain command economies. Provide examples of nations that exhibit characteristics of command economies and why command economies are no longer common today.
 
  What will be an ideal response?


ApricotDream

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

Command economies are also known as centrally planned economies. A command economy exists when the state is responsible for making all decisions with respect to what goods and services the country produces, the quantity of their production, the prices at which they are sold, and the manner of their distribution. The state owns all productive wealth, land, and capital. The government allocates resources based on which industries they want to develo


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