Which of the Following Best Describes a Capitalistic Nation

- April 17, 2022

4 These economic downturns occur because of increased supply and decreased demand which combine to create a shift in surplus and power to the semi-periphery. Prices were used to allocate resources.

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Prices were used to ration final goods and services but not to allocate resources.

. Which of the following statements best describes the role played by prices in a command economy such as the former Soviet Union. Prices played the same role as in a market economy. Semi-periphery countries fall in the middle of these spectra and their unique political and social structure place them in a position where they can best take advantage of economic downturns.

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