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MMLU-Pro / 7001 / How are productive resources allocated in theSoviet econ-omy ? How does this…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

How are productive resources allocated in theSoviet econ-omy ? How does this differ from market allocation?

category

economics

options

  1. In a market economy, resources are allocated randomly
  2. The Soviet government invests in sectors with high expected returns
  3. Gosbank allocates resources in Soviet economy; allocation in market economy is based on expected returns
  4. In a Soviet economy, resources are allocated by local governments, while in a market economy, international bodies decide allocation
  5. Resources are distributed equally among all industries in a Soviet Economy
  6. In a market economy, a single body dictates resource allocation
  7. In a Soviet economy, resources are allocated based on consumer votes, whereas in a market economy, producers decide allocation
  8. A central planning committee allocates resources in the Soviet economy, while supply and demand dictate allocation in a market economy
  9. The Soviet economy uses a lottery system for resource allocation, market economy uses competitive bidding
  10. Resources are allocated by the public in a Soviet Economy

src

stemez-Economics

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