Thursday 16 February 2017

The five-year plan had been the main economic plan of ________. the Soviet Union

The price mechanism is least important under ________. communism
 Explanation:
Under communism, the government sets the prices of nearly all goods and services.

The five-year plan had been the main economic plan of ________. the Soviet Union
 Explanation:
The five-year plan had been the main economic plan of the Soviet Union. See the section "Communism."

The strongest criticism of Norway's economic system has been that ________.  its taxes are too high 

 Explanation:
Norwegian citizens are among the highest taxed citizens of any nation.

The main reason the American farmer can produce more than the farmer in China is that he or she ________. has more capital
 Explanation:
American farmers have long been among the most productive in the world. This is mainly because they have a great deal of capital working for them – in the form of tractors, harvesters, and other equipment.


Capital comes from ________. savings 
Explanation:
Individuals need to save in order to raise capital. A nation needs to save in order to accumulate capital.

An individual can build up his or her capital ________.  by both cutting back on consumption and working longer hours
 Explanation:

An individual can raise capital by cutting back on consumption and/or by working longer hours. If you wanted to raise capital to start a business, you might cut back on your consumption spending and/or take on a second job or work more overtime.

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