Which of the following is true about planned economies?
a) in a planned economy, the state o...
Which of the following is true about planned economies?
a) in a planned economy, the state owns all means of production.
b) in a planned economy, entrepreneurs have economic incentives that encourage innovation.
c) in a planned economy, market regulations reduce the risk of economic stagnation.
d) in a planned economy, individuals benefit more from innovations than the state does.
Answers: 3
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