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Which statement characterizes how stagnation can occur in planned economies? Multiple Choice In planned economies, the lack of barriers to trade results in increased competition
Which statement characterizes how stagnation can occur in planned economies? Multiple Choice In planned economies, the lack of barriers to trade results in increased competition for domestic producers. The prices of goods and services are fixed by market forces of supply and demand in a planned economy. Planned economies encourage private ownership of the means of production which can lead to the exploitation of workers. In planned economies, entrepreneurial individuals have few economic incentives for innovation
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