A plan, in economics, spells out

the prices of all goods for the coming yearCorrect answerYour answerwhich political party will govern nextCorrect answerYour answerhow resources will be used to reach set goalsCorrect answerYour answerthe wages every firm must pay its workersCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

A plan sets general and specific goals for a period and says how resources will be used to reach them.

Concept: What a plan is
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsPlanning and the Planning Commission

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Ten questions from Economic Systems & the Five Year Plans, at your own pace.

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Ten questions from Economic Systems & the Five Year Plans, at your own pace.

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A plan, in economics, spells out

Explanation