In a centrally planned economy,

A. business leaders set production quotas and report them to government, which holds them accountable
B. government officials set prices
C. supply and demand are key indicators of prices and production levels
D. all of these are the case: government officials set prices; business leaders set production quotes and report them to government; and supply and demand are key indicators of prices and production levels

Related Mcqs:

After which revolution Iran informed IAEA of its plans to restart its nuclear programme and IAEA even planned to provide assistance to Iran to produce and enriched Uranium?
A. 1975 Islamic Revolution
B. 1977 Islamic Revolution
C. 1979 Islamic Revolution
D. 1971 Islamic Revolution
After partition a large scale Muslim massacre was planned to turn the Muslim majority into minority by the Dogra ruler. In this massacre how many innocent Muslims were killed?
A. 2,25,000
B. 1,85,000
C. 2,10,000
D. 2,37,000
What is meant by the global care economy?
A. The growing global demand for women’s domestic and sexual services
B. The growing global demand for nannies
C. The global economy of unpaid work
D. None of the above
India’s economy was for decades based loosely on:
A. capitalism, allowing private enterprise to dictate the rise and fall of major industries
B. Marxist values and central control of all means of production
C. socialism and state control of agriculture and consumer goods, but private capitalism for large industries
D. socialism and state control of large large industries but on private capitalism in agriculture and consumer goods
What are cross-border transactions?
A. Movement across borders of countries of goods, people, money, investments etc.
B. Globalization
C. International trade
D. None of the above
Apart from the WTO, most international trade is governed by more specific international agreements: bilateral trade agreements and:
A. global trade agreements
B. reciprocity
C. regional trade agreements
D. interdependence
__________ involves tangible goods such cannot be traded and moved freely like paper investments.
A. Portfolio investment
B. Fiduciary investment
C. Foreign direct investment
D. Currency investment
Foreign investments in and by a country are referred to as:
A. government transactions
B. the capital account
C. capital flows
D. the current account
Currently, national currencies are valued against:
A. gold prices
B. the euro
C. silver prices
D. each other
The General Agreement on Tariffs and Trade was replaced by the
A. World Trade Organization
B. North American Free Trade Agreement
C. Multilateral Trade Agreement
D. General Agreement on Trade and Development