--%>

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 : Average variable costs per generic of

    Average variable costs per generic 2×4 of this pure competitor’s equal roughly: (w) $0.20 (20¢ per 2×4). (x) $1.00 per 2×4. (y) $1.70 per 2×4. (z) $2.10 per 2×4.

    Q : Entrepreneurs explicit costs The

    The entrepreneur’s explicit costs would comprise: (1) Forgone interest on owner’s savings. (2) Value of entrepreneur’s labor. (3) Interest payments on the business loans. (4) Lost salaries from the entrepreneur’s preceding job.

  • Q : Total utility and marginal utility Can

    Can someone please help me in finding out the accurate answer from the following question. The paradox of the value (also termed as the diamond-water paradox) occurs from: (1) High transaction costs. (2) Low transaction costs. (3) Failures to differentiate among the m

  • Q : Central bank as lender of last resort

    The central bank performs as lender of last resort. Explain how? Answer: The central bank too acts as lender of last resort for other banks of the country. This mea

  • Q : Equilibrium moves market increase in

    When equilibrium moves from point a to point b, the simple market experiencing a raise in supply is demonstrated within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Freedom of entry-exit in long run

    Contestable markets and purely competitive markets share the feature of: (w) collusive behavior of huge firms. (x) freedom of entry and exit into the long run. (y) widespread product differentiation. (z) persistent economic profits.

    Q : Problem on average retail price and the

    Table indicate the average retail price of milk and the Consumer Price Index in the year 1980 -1998. 1010_Average</span></p>
                                        </div>
                                        <!-- /comment-box -->
                                    </li>
   
   </td>
	</tr><tr>
		<td>
       
      <li>
                                        <div class=

    Q : Perfectly Elastic Economic Rent A

    A uniform resource price paid for any resource which has an aggregate supply curve which is less than perfectly elastic generates an: (1) exploitation ratio. (2) investment surcharge. (3) accounting profit. (4) economic rent. (5) acce

  • Q : Attribute Demand Curve for Bonds A

    A demand curve for bonds moving to the right is probably to be attributable to: (w) a business cycle recession. (x) lower expected (future) interest rates. (y) an increase into the expected rate of inflation. (z) an increase in the liquidity of altern

  • Q : Influence of drought in market price

    Severe drought outcomes in a drastic fall in the output of wheat. Examine how will it influence the market price of wheat? Answer: As an outcome of severe drought,