--%>

Question on central planning

"Under central planning, some group ought to decide how to obtain the necessary inputs produced in the right amounts and delivered to the right places at the right time. It is a nearly impossible task without markets and profits." This quotation best identifies the: A) incentive problem under central planning. B) coordination problem under central planning. C) self-sufficiency dilemma under communism. D) resource overcommitment problem under communism.

   Related Questions in Microeconomics

  • Q : Rent controls fix rent in equilibrium

    Rent controls which fix rents below equilibrium will NOT: (w) maintain monetary rents down. (x) create shortages of rental housing. (y) stimulate non-market allocations of rental housing. (z) maintain the opportunity costs of housing down.

  • Q : Concept of pure rent in economics Pure

    Pure economic profit is most closely associated to the concept of: (1) exploitation of labor. (2) opportunity cost. (3) pure rent. (4) pure oligopoly. (5) capitalization. I need a good answer on the topic of

  • Q : Define poverty line by the income

    Explaining the poverty line by the income needed to maintain a specified standard of living is: (w) a positive poverty standard. (x) a relative poverty standard. (y) a normative poverty standard. (z) an absolute poverty standard.

    Q : Market clearance according to Economists

    Can someone help me in finding out the right answer from the given options. The Economists state that a market is cleared when the price is in such a manner that: (i) Each and every good produced is sold. (ii) Quantity and Price are equal. (iii) Surplus demand surpass

  • Q : Lacking of competition in the product

    Can someone help me in finding out the right answer from the given options? The lack of competition in the product market outcomes in: (1) Less labor being appointed than if the markets were competitive. (2) More labor being hired than if the markets were competitive.

  • Q : Operating in the short run The computer

    The computer hard disk manufacturer can make a decision how many people to hire and how many supplies to purchase however can’t change the size of factory. This organization is: (1) Operating in short run. (2) Operating in long run. (3) Vertically integrated. (4

  • Q : Common type of competition in

    The most common type of competition among firms in monopolistic competition is: (1) price competition. (2) product differentiation. (3) collusion. (4) predatory pricing. (5) cutthroat competition. I need a good ans

  • Q : Buyer beware-Laws and Regulations I

    I have a problem in economics on Buyer beware-Laws and Regulations. Please help me in the following question. Caveat emptor signifies: (i) Let the sellers beware. (ii) Sellers are the most excellent judges of the quality of their goods. (iii) Charge w

  • Q : Calculation of total fixed cost of a

    Hello friends I need your help to solve the problem that is given below: This firm's total fixed cost (TFC) can be calculated as area: (a) 0PeQ. (b) bPec. (c) aPed. (d) 0bcQ. (e) abcd.

    Q : Percentage change in quantity demanded

    The percentage change within quantity demanded along this demonstrated linear demand curve is: (w) greater than the percentage change within price in range b. (x) smaller than the percentage change within price in range a. (y) precise