In the mid-1980s, in which communist country did the credo change from "From each according to his ability, to each according to his needs" to "More pay for more work, less pay for less work"?
A. The Soviet Union
B. Vietnam
C. Cuba
D. China
D. China
You might also like to view...
A major loophole was punched through the McFadden Act as banks
A) formed bank holding companies. B) developed negotiable certificates of deposit. C) began paying interest on checkable deposits. D) converted themselves into savings-and-loans.
A commercial bank's ability to lend is determined by its
A) required reserves. B) excess reserves. C) total reserves. D) capital.
The opportunity cost of more consumption of goods today is
A) lower consumption of goods in the future. B) fewer capital goods in the future. C) more capital goods today. D) more unemployment both today and in the future.
In the long run, each firm in a perfectly competitive market earns zero economic profit.
Answer the following statement true (T) or false (F)