Command economies are able to achieve greater allocative efficiency than market economies
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The largest source of the federal tax revenue is ________
A) individual income taxes B) corporate income taxes C) excise taxes D) payroll taxes
In this graph, which of the following is assumed to be changing?
a. autonomous consumption
b. investment
c. government purchases
d. the price index
Half of long-term external debt of developing countries is
A. sovereign debt. B. debt overhang. C. private debt owed by individual citizens. D. rescheduled debt.
Which of the following statements is true?
A) A decrease in the crime rate increases GDP as people will spend more on security. B) Household production is counted in GDP as it amounts to real production. C) GDP accounting rules do not adjust for production that pollutes the economy. D) GDP growth distributes income equally to people in the economy.