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What type of economy did the former Soviet Union have?
In what ways has the centrally planned economy of the former Soviet Union hindered Russia's transition to a capitalist economy?
Which of the following statements best describes the role played by prices in a command economy such as the former Soviet Union?
a. Prices were used to allocate resources.
b. Prices played the same role as in a market economy.
c. Prices and queuing were used to ration final goods and services.
d. None of the statements are true.