The key reason that the Soviet Union failed to develop new ways to make the economy efficient and was therefore not able to sustain economic growth was due to
A) the Soviet Union relying on entrepreneurs to develop new production technologies.
B) the typical behaviors of managers and employees in a centrally planned economy.
C) the failed attempt to convert to a market-based economy.
D) the Soviet Union's lack of accumulating capital goods.
B
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Treasury bonds are so safe (risk-free) that they often pay relatively low returns.
Answer the following statement true (T) or false (F)
Which of the following would decrease the price of packaged hot dogs?
a. An increase in the price of hot dog buns, a complement to packaged hot dogs. b. A decrease in the price of hamburger meat, a substitute for packaged hot dogs. c. A technological advance that lowers the cost of producing packaged hot dogs. d. All of these.
An inward-oriented strategy is designed to:
a. expand a country's export capacity. b. lower the production of capital goods. c. develop the domestic manufacturing sector. d. promote the consumption of imported goods. e. improve productivity in the domestic service sector.
Taxes on labor encourage which of the following?
a. labor demand to be more inelastic b. mothers to stay at home rather than work in the labor force c. workers to work overtime d. fathers to take on second jobs