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Other Fields Homework Help Economics Topic started by: Retnec on May 25, 2017



Title: In order to get the most output from society's limited resources, the scarcest resources must be ...
Post by: Retnec on May 25, 2017
In order to get the most output from society's limited resources, the scarcest resources must be used only where no other input will suffice.
A) In command socialism, this function is performed by planners; in pure capitalism, it is performed by the central government.
B) In pure capitalism, this function is performed by input prices; in command socialism, it is performed by planners.
C) In command socialism, this function is performed by the producing units; in pure capitalism, it is performed by planners.
D) In pure capitalism, this function is performed by government regulations; in command socialism, it is performed by output targets.


Title: Re: In order to get the most output from society's limited resources, the scarcest resources must ...
Post by: folioge on May 25, 2017
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Title: Re: In order to get the most output from society's limited resources, the scarcest resources must be ...
Post by: Retnec on Jul 5, 2017
You have the correct answer! :innocent: