The correct answer is - C) planned economies.
The socialist economy type is a planned economy. The planning though is for the whole economy, and it is done by the government officials. This type of economy was witnessed in multiple places around the world, USSR, Yugoslavia, Cuba, China, and more recently in Venezuela, Libya, and North Korea.
In general, this type of economy seems to often have very big problems because of the planning, as it more often than not is mistaken. That has often led to making huge debts, famines, and suffering of the people, and eventually this systems tend to fall apart.
The only exception seems to be Libya, under the rule of Gaddafi, where the economy and the society were thriving, but it was all ruined by a foreign intervention.
Answer:
nails, glue, and thread
are examples of indirect materials
Answer:
Explanation:
The solution to the above problem is shown in the attached picture below. It is because of the arrangement i had ti use pen and book. Thank you
The demand and supply of imported textiles are given. Initially, the price is $4.50 per yard and the quantity imported is 4,500 yards.
Now the government imposes quotas on imported textiles. That means the government restricts the quantity that must be imported to 3,000 yards. The graph is as follows:
Initially, the market is in equilibrium at point E. The price iS S4.5 per yard and the quantity
imported is 4,500 yards. After the government puts restrictions on imports, the supply
curve remains the same that is, Upward sloping till 3,000 yards are imported. After that, the supply curve becomes vertical because no more imports are possible whatever the price is. Green colored line is the new supply curve
As a result of this, the equilibrium shifts from point E to point F. The price of
imported textiles has increased to $ó per card and the quantity of import is 3,000 yards.
Learn more about imported textiles here: brainly.com/question/9452496
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