What was Joseph Stalin’s goal in creating a command economy?
- To gradually move to a market economy
- To conserve limited resources
- To shift resources toward necessities
- To outproduce capitalist nations
What was Joseph Stalin’s goal in creating a command economy?
- To gradually move to a market economy
- To conserve limited resources
- To shift resources toward necessities
- To outproduce capitalist nations
Related textbook solutions
Related questions
Microeconomics
| A | B | Answer |
| As a student of economics, when you speak of scarcity, you are referring to the ability of society to. | A. Extra benefit | |
| What is the economic meaning of the expression that "There is no such thing as a free lunch?" | B. Entrepreneur. | |
| Which expression is another way of saying "marginal benefit"? | C. Very limited government role in the economy | |
| A tradeoff exists between two economic goals, X and Y. This tradeoff means that. | D. Price ceilings and the resulting product shortages. | |
| The individual who brings together economic resources and assumes the risk of business ventures in a capitalist economy is called the | E. Explicit costs. | |
| The Soviet Union economy of the 1980s would best be classified as | F. Easy entry, many firms, and differentiated products | |
| The simple circular-flow model shows that workers, entrepreneurs, and the owners of land and capital offer their services through | G. Product markets | |
| Laissez-faire capitalism is characterized by | H. Satisfy economic wants given limited resources. | |
| Black markets are associated with | I. Oligopoly | |
| Cash expenditures a firm makes to pay for resources are called | J. The Resource Markets | |
| Which set of characteristics below best describes the basic features of monopolistic competition | K. A command System | |
| Mutual interdependence would tend to limit control over price in which market model | L. Getting more of X requires getting less of Y | |
| Markets in which firms sell their output of goods and services are called | M. It means that there is an opportunity cost when resources are used to provide "free" products |
