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Author Question: What has been the reaction of many governments to the failure of central planning? What will be ... (Read 5 times)

CBme

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on: Jun 29, 2018
What has been the reaction of many governments to the failure of central planning?
 
  What will be an ideal response?

Question 2

Refer to Figure 3-2. An increase in the price of the product would be represented by a movement from
 
  A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.


pallen55

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The failure of many central planning efforts has brought increasing calls for less government intervention and more market orientation. It has included elimination of price controls, privatization of state-run enterprises, and reductions in import restraints.

Answer to Question 2

A


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CBme

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Reply #2 on: Jun 29, 2018
Correct answers!


pallen55

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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