"Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to the right places at the right time. This is a nearly impossible task without
Markets and proﬁts." This quotation best identiﬁes the
A) incentive problem under central planning.
B) coordination problem under central planning.
C) self-suﬃciency dilemma under communism.
D) resource overcommitment problem under communism.

Question

Quizplus · Accepted Answer

The quotation identifies the coordination problem under central planning, where a group has to coordinate the production and delivery of inputs without the use of markets and profits as incentives. This can lead to inefficiencies and difficulties in meeting demand. The other choices mentioned, such as self-sufficiency under communism and resource overcommitment, are not specifically addressed in the quotation.

"Under Central Planning, Some Group Has to Decide How to Get