Examples of Mises' "Planned Chaos"
a. 1970s oil price & allocation regulation
b. the planned Soviet economy
c. the financial crisis of 2006
d. both a and b
e. all of the above
D
You might also like to view...
What is the relationship between net borrower, net lender, debtor nation, and creditor nation?
What will be an ideal response?
When talking about forward contracts, the date on which the contracted delivery must take place is called:
A) the settlement date B) the counterparty date C) forward date D) spot date
If the dollar-per-pound exchange rate decreases,
a. British goods become more expensive to the British. b. British goods become more expensive to Americans. c. British goods become less expensive to Americans. d. British goods become less expensive to Europeans. e. none of the above.
The Soviet socialist economy fell apart primarily because:
A. it was based on barter rather than monetary exchange. B. markets failed to develop. C. workers lacked incentives to work and production was inefficient. D. individuals are not motivated by self-interest.