In the latter years of the command economy in the Soviet Union, there was some experimentation with private agriculture. At one point in the experiment, privately owned farms accounted for only three (3) percent of the cropland and yet produced twenty-seven (27) percent of the country's food. Use the concepts of efficiency, incentive, and quotas to explain how this situation could arise.

In the latter years of the command economy in the Soviet Union, there was some experimentation with private agriculture. At one point in the experiment, privately owned farms accounted for only three (3) percent of the cropland and yet produced twenty-seven (27) percent of the country's food. Use the concepts of efficiency, incentive, and quotas to explain how this situation could arise.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter22: Economies In Transition

Section: Chapter Questions

Problem 13SQ

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