Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia,
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Question:
Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia, a nation with a pure command economy.
Which of the following would you include in your report as weaknesses of Directavia's economy? Check all that apply.
- The quality and variety of goods tends to be low.
- Many goods are available only through a black market.
- The price-setting mechanism is particularly vulnerable to the mispricing of goods for which there are externalities.
- Workers' earnings are unequal, relative to a market economy.
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ISBN: 978-1118630914
1st edition
Authors: Robert A.Weigand
Posted Date: