Development may be inhibited in command economies because:

(i) businesses focus on subsistence agriculture.

(ii) businesses prevent specialization.

(iii) the government controls productivity.

(iv) individuals prohibit industrialization.

answer

watching

583

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Sixta KovacekLv2

2 Apr 2020

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

Related questions

Risk management in command economies:

(i) tends to be done poorly because government officials do not understand risk.

(ii) tends to be done poorly because decision-makers are insulated from the risk of making a poor decision.

(iii) is easy because the government controls most activity and can eliminate risk.

(iv) is easy because there is no risk.

aquamarinezebra140

Why might some firms voluntarily pay workers a wage above the market equilibrium?
I. Paying higher wages causes worker turnover to increase.
II. Paying higher wages increases the number of job applicants.
III. Paying higher wages allows employees to purchase enough food to be healthy.
IV. Paying higher wages encourages workers to be more productive.
A. II, III, and IV only
B. II and III only
C. I, II, III, and IV
D. I, III, and IV only

Productivity is measured by:
A. Dividing total output by the population
B. Dividing total employment by the population
C. Dividing total output by the number of hours worked
D. Dividing total savings by total investment

Which of the following government policies would lead to an increase in productivity?
I. The government reduces taxes on interest earned from savings accounts.
II. The government increases expenditures on nutrition programs for malnourished workers.
III. The government increases the interest rate on student loans.
IV. The government increases spending on job training programs.
A. I, II, and III only
B. I, II, III, and IV
C. I, II, and IV only
D. I and IV only

Total output in an economy increases when each person specializes because:

(i) there is less competition for the same resources.

(ii) a wider variety of products will be produced within each country due to specialization.

(iii) government necessarily plays a larger role in the economy due to specialization.

(iv) each person spends more time producing that product in which he or she has a comparative advantage.