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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
According to the 1974 Constitution of the former Yugoslavia, nobody in Yugoslavia owns resources. Being a socialist country, the constitution claimed resources were owned by "society" as a whole. According to the economic way of thinking,
A) their economic problem would be solved.
B) resources would finally be used efficiently, because the profit motive would be destroyed.
C) people would use Yugoslavia's resources wastefully because they themselves wouldn't have to pay the opportunity cost.
D) the central planners would know how to calculate the true values and costs of resource use.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
3 years ago
Thanks
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