One problem that plagued many communist economies was that the absence of free markets resulted in crippling shortages and surpluses of goods and services.

Question

Quizplus · Accepted Answer

This statement is true. Without the efficient allocation mechanisms of free markets, many communist economies struggled with inefficient production, distribution, and consumption of goods and services, resulting in shortages of basic necessities and surpluses of goods no one wanted.

One Problem That Plagued Many Communist Economies Was That the Absence