Victor lives in a country with a command economy. he feels no need to better himself by getting more education, and his country has not produced many new inventions. what is missing from a command economy that might explain victor’s attitude and very few inventions coming from his country? *
a. profit motive and private ownership
b. competition and consumer sovereignty
c. government regulation and profit motive
d. competition and private ownership
the answer is d, opportunity costs.
the answer is 4 : )
hope i out!
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