Central planning led to little economic growth and consistently low standards of living.
Answer: TRUE
12) A centrally planned economy gives individuals access to alternative purchase options.
Answer:
13) An economic system based on public ownership fosters growth much better than an economy based on private ownership.
Answer: FALSE
14) The Chinese term "guanxi" means government ownership.
Answer:
15) In a mixed economy, the government tends to control the economic sectors that are important for national security.
Answer: TRUE