The active intervention of the central authorities in the management of a country's economy rest...
ECONOMICS
JAMB 1995
The active intervention of the central authorities in the management of a country's economy rest upon the?
- A. failure of the market force to produce satisfactory result
- B. superiority of the centrally planned economy over the private enterprise economy
- C. result-oriented nature of the private enterprise economy
- D. cost-minimization strategy of a mixed economy
Correct Answer: A. failure of the market force to produce satisfactory result
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