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Author Question: In centrally planned economies, most prices are not a. established by central planners b. ... (Read 83 times)

kodithompson

  • Hero Member
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on: Jun 30, 2018
In centrally planned economies, most prices are not
 a. established by central planners
  b. inflexible
  c. set below the market-clearing level
  d. based on consumer demand
  e. the cause of shortages of supply

Question 2

Soft budget constraints will lead to
 a. inefficiency
  b. quick responses to changes in supply and demand
  c. good investment decisions
  d. high product quality
  e. managers eager to satisfy consumer demand rather than production quotas


Animal_Goddess

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  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


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