Historical evidence suggests that ________.
A) command economies perform better than free economies in the long run
B) free economies perform better than command economies in the long run
C) social surplus is maximized in a command economy
D) command economies perform better than free economies in the short run

Question

Quizplus · Accepted Answer

Historical evidence shows that free economies have performed better than command economies in the long run. Countries with free-market policies have experienced greater economic growth, increased standard of living, and wealth creation compared to countries with command economies. Additionally, command economies have proven to be inefficient and prone to corruption, leading to economic stagnation and decline over time.

Historical Evidence Suggests That ________