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Eddi Din [679]
3 years ago
14

A characteristic of centrally planned economies is that:

Business
1 answer:
photoshop1234 [79]3 years ago
4 0

Answer:

The correct answer is letter "B": the price is relatively unimportant in allocating resources.

Explanation:

Centrally planned economies or command economies are those managed by the government that dictates production quotas and distribution levels and determines prices. Private ownership is null in centrally planned economies since the government is the owner and distributor of land, labor, and capital.

<em>Allocation price is irrelevant when it comes to command economies since only those vital goods such as staples are paid attention.</em>

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Individuals who give up looking for work because they don't feel that there are good prospects of finding a job are known as <span>discouraged workers.
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Cullumber Company received proceeds of $1176000 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value of $1
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$74,880

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You decide to invest in a period annuity that offers 4.5% APR compounded monthly for 20 years. How much money will you need to i
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Emma is the labor union negotiator. Today, she is meeting with management to discuss the new five-year contract, including wages
Sergio [31]

Answer:

Distributive bargaining

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Cheers

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3 years ago
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