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Author Question: What are some of the forms that central planning has taken in developing nations today? What will ... (Read 172 times)

fbq8i

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on: Jun 29, 2018
What are some of the forms that central planning has taken in developing nations today?
 
  What will be an ideal response?

Question 2

One reason why adverse selection problems arise in health insurance markets is that
 
  A) sick people are more likely to want health insurance than healthy people.
  B) because of advances in medical technology, people are living longer. These medical advances are costly and drive up the price of insurance for everyone.
  C) fewer men and women are choosing medical careers because of the increase in the cost of malpractice insurance.
  D) the average age of citizens of the United States has increased in recent years, and will continue to increase over the next 20 to 30 years. As older citizens retire, more and more of their medical bills will have to be paid by younger workers.
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sultansheikh

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

In some countries central planning has replaced market-based outcomes with direct, administratively determined controls over such economic variables as prices, output, and employment. In others it has amounted to no more than formulation of 5- or 10-year goals as rough blueprints for the nation's future.

Answer to Question 2

A


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