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Anna Mae Ferniz
on Oct 13, 2024

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Which statement is false?

A) Under Soviet communism,government planning was substituted for the price mechanism.
B) The entire Soviet economy was a Rube Goldberg contraption of subsidies,fixed prices,bureaucratic rules and regulations,special privilege,and outright corruption.
C) Had Mikhail Gorbachev not begun dismantling the communist bureaucracy,the Soviet system probably would have been able to continue carrying on business as usual for another century.
D) None of the statements are false.

Soviet Communism

A form of communism based on the ideologies of Marx and Lenin, implemented in the Soviet Union, characterized by the absence of private property, government ownership of all means of production, and the aim of establishing a classless society.

Rube Goldberg Contraption

A complex and often comically intricate machine or device that performs a simple task.

Mikhail Gorbachev

A significant political figure known for his role in reforming the Soviet Union during the 1980s through policies like glasnost and perestroika.

  • Understand the key principles and objectives of different economic systems including capitalism, socialism, and communism.
  • Analyze the historical and contemporary examples of economic systems in action, including communist and capitalist countries.
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kanishk SharmaOct 17, 2024
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