Answer to Question #80719 in Microeconomics for bryan

Question

The basic economic problems faced by a socialist economy are:
a) Different from those faced by a mixed economy.
b) Different from those faced by a market economy, but the same as those faced by a mixed economy.
c) Similar to those faced by both a market and a mixed economy.
d) Different from those faced by a market economy.

Answer 1

C. Similar to those faced by both a market and a mixed economy.