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Effectiveness of centralized economic planning

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Reference no: EM131040270

Which of the following will reduce the effectiveness of centralized economic planning?

1. The central planners will be unable to maintain sufficient information for a sound economic plan in a world of dynamic change.

2. The central planners spending the funds of taxpayers will make poorer investment choices than investors spending their own money.

3. The choices of the central planners will be influenced by political, rather than economic, considerations.

4. All of the above.

Reference no: EM131040270

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