Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CHOSE ONLY 18 In China as a socialist country, people do not choose their occupation. Jobs are provided by the government and consumers do not
CHOSE ONLY 18
In China as a socialist country, people do not choose their occupation. Jobs are provided by the government and consumers do not have more choices. Also, the allocation of resources is not done rationally. In your view, what may be the reason for this?
a.
No freedom
b.
Absence of technology
c.
Absence of competition
d.
Bureaucratic expansion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started