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Questions and Answers
What is the essence of planning as described in the text?
What is the essence of planning as described in the text?
- Regulation of economic activity by the State to achieve specific goals (correct)
- Control of economic resources by private enterprises
- Unrestricted utilization of resources for economic growth
- Maximization of individual profits through resource utilization
What is the primary focus of perspective planning?
What is the primary focus of perspective planning?
- Planning without any division into short-term plans
- Long-term planning for a period of 15, 20, or 25 years (correct)
- Short-term planning for immediate economic growth
- Indefinite planning without specific timeframes
What distinguishes indicative planning from comprehensive planning?
What distinguishes indicative planning from comprehensive planning?
- Indicative planning is more detailed than comprehensive planning
- Comprehensive planning involves the planning authority making decisions about resource allocation (correct)
- Indicative planning is only applicable to socialist countries
- Comprehensive planning is focused solely on economic growth
What are the broader objectives of perspective planning?
What are the broader objectives of perspective planning?
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What does planning aim to secure according to the text?
What does planning aim to secure according to the text?
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What is the term for a decline in the rate of price increase?
What is the term for a decline in the rate of price increase?
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When does inflation occur?
When does inflation occur?
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What is the result of inflation?
What is the result of inflation?
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In economics, what is the term for a rise in the general level of prices of goods and services?
In economics, what is the term for a rise in the general level of prices of goods and services?
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What is the term for a situation where the price of goods and services falls over time?
What is the term for a situation where the price of goods and services falls over time?
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