What country is a command economy may have huge accumulations of goods that no one wants while other products are short supply?why does this situation seldom happen?
A-competition eliminates shortages and surpluses by setting a market-clearing price
B-firms and consumers in markey economies are smarter than those in command economies
C-command economies intentionally plan to produce surpluses, but the shortages are accidents,
D-market economies are usually democracies where politicians must help to eliminate shortages and surpluses

Question

What country is a command economy may have huge accumulations of goods that no one wants while other products are short supply?why does this situation seldom happen?
A-competition eliminates shortages and surpluses by setting a market-clearing price
B-firms and consumers in markey economies are smarter than those in command economies
C-command economies intentionally plan to produce surpluses, but the shortages are accidents,
D-market economies are usually democracies where politicians must help to eliminate shortages and surpluses

helder_edwin · Answer

the textbook answer would be A.
at least that is what economists believe.

anonymous · Answer

thank you