The market efficiently allocates scarce resource among alternative ends such that ?

Related Mcqs:

Government’s use of coordinated policies to achieve national economic objectives is ?

A. commanding heights B. entrepreneurial programs C. public physical policy D. development planning...

According to Oskar Lange’s model socialist enterprises should produce where ?

A. The monopoly profit maximization rule applies B. Product price equals marginal cost C. marginal revenue equals average cost D. total revenue equals total cost...

A medium-term plan can be a(n) ________ revised at the end of each year?

A. instrument variable B. seasonal expenditure C. rolling plan D. perspective plan...

Which of the following is not a public policy to promote the private sector ?

A. Investigating development potential through scientific and market research and natural resources surveys B. Providing adequate infrastructure for public and private agencies C. Creating markets, including commodity markets, security exchanges, banks credit facilities and insurance companies D. Increasing market monopolies and oligopolies to help producers...

Worker-managed socialism helped contribute to ________ ‘s rapid economic growth from 1959 to 1979?

A. Yugoslavia B. Chile C. Vietnam D. Japan...