Large scale central planning has been abandoned throughout the world because of ______ problems.
A) information and transactions cost
B) incentives and asymmetry
C) information and incentives
D) communication and complexity

Question

Quizplus · Accepted Answer

Central planning often fails due to the difficulty in gathering and processing vast amounts of information and the lack of proper incentives for individuals to act in the economy's best interest.

Large Scale Central Planning Has Been Abandoned Throughout the World