17)
- why do command economies believe that an authoritarian system is more efficient than the price system for allocating scarce
resources?
prices and the ability to create supply and demand will ensure that no
scarce resource gets to a government that control the supply lines.
the government is not a fair source for allocation and will cheat and steal
from most pople to ensure that the rich and powerful are taken care of.
eliminate
prices and the ability to make a profit will increase the supply of the
scarce resources, thereby lowering prices and increasing demand to
increase economic choices.
the price system is not a more efficient system for allocation of goods and
services and the government is a fair and impartial distribution center to
ensure economic equity.