Author Question: Planned economies a. can increase production rapidly but are likely to be inefficient b. can ... (Read 217 times)

bucstennis@aim.com · **on:** Jun 30, 2018

Planned economies

a. can increase production rapidly but are likely to be inefficient
b. can produce efficiently but can't guarantee consumers' needs are met
c. can produce efficiently, but only at low levels of output
d. can provide for all society's needs, but are likely to be inefficient
e. none of the above

Question 2

Disguised unemployment refers to

a. workers who shirk their responsibilities and don't contribute to output
b. unemployed people who don't admit they are unemployed
c. workers whose output is valued at less than their wage
d. unemployed people who pretend to be working
e. none of the above