--%>

Comparative Systems- Central planning

Can someone help me in finding out the right answer from the following options. The command economy is mainly based on: (i) Laissez faire govt. policies and private property rights. (ii) ‘kolkhoz’ decision making. (iii) Well tuning production to match the consumer preferences. (iv) Tradition and an inherited monarchy. (v) Detailed central planning by the government.

   Related Questions in Public Economics

  • Q : Property rights enforced by government

    In countries where private ownership is a dominant system: (1) Resources are socially owned, with govt. acting as a trustee. (2) Laws concerning the property rights are enforced by government. (3) Monopolization of each productive resource is inevitab

  • Q : Least stable probability of market

    Market prices are probable to be the least stable where: (1) production technology is dormant for lengthy periods. (2) number of consumption substitutes is large. (3) variables finding demand and supply change often. (4) demand and supply curves both

  • Q : FUNDAMENTAL economic problems of

    Society's FUNDAMENTAL economic problems do NOT comprise deciding: (w) what goods to produce. (x) how to produce the goods selected. (y) what occupation each person must pursue. (z) who must find to use the goods produced.

    Q : Economic models assumptions regarding

    Economic models based upon assumptions such that singles pursue their own self interests aspect that: (i) Generally predict better than models which assume humanitarian motives. (ii) Yield dubious outcomes for economics. (iii) Distort the economy with

  • Q : Wealthy entrepreneurs by perfectly

    Do you agree along with the adage such that "You cannot find rich working for somebody else"? Should successful entrepreneurs serve others to enrich themselves? Can wage earners acquire great wealth without investing? How may you test the accuracy of your answ

  • Q : Market adjustments within equilibrium

    When the soybean market is originally into equilibrium, on S0D0, raises in the wages of farm workers will cause change(s) to: (w) S1D0.(x) S0D1. (y) S2D2.  (z

  • Q : Democratic governments exercise partial

    The democratic governments exercise partial control on markets primarily through: (1) Marketing resources it owns. (2) Intimidation. (3) Negotiation. (4) Taxes and regulations. Can someone please help me in finding

  • Q : Case of priceless in relative prices

    While people sincerely refer to something like "priceless", so they most likely mean that this is: (a) mostly meaningless to name a monetary price since its opportunity cost is more high. (b) worthless junk on that they place no value. (c) irreplaceab

  • Q : Global warming Can someone please

    Can someone please explain me that global warming, litter and pollution are all examples of...(v) produced goods, (w) by-products, (x) technological spin-offs, (y) errors in judgment and (z) economic bads. How can I solve my economics problems? Please

  • Q : Existence of scarcity for human survival

    Please help me to solve the problem of scarcity that is given below: Why is Scarcity existed for human: (1) survival requires unlimited resources, (2) needs are enormous relative to the means obtainable to satisfy