• Card 8 / 19: What is the incentive problem for workers under socialism?

    Answer:
    If people are not paid in accordance with their productive output—if they're paid according to "need"—then they might not work as hard under socialism as they would under capitalism. There would be fewer goods and services produced overall, meaning that the average standard of living would have to fall. Sample Partial Credit Answer People would have no reason to work as hard.

  • Keyboard Shortcuts

    Previous Card ← Previous Card Button
    Next Card → Next Card Button
    Flip Card Space-Bar
<< First < Previous Next > Last >>

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now
Interactive Question Test Home Page
https://www.jobilize.com/socialism-the-command-economy-by-dr-robert-murphy-mises

Socialism: The Command Economy

Access: Public Peer Review

Attribution:  Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.
Ask
Prateek Ashtikar
Start Quiz
Tess Armstrong
Start Quiz
Yasser Ibrahim
Start Quiz
Copy and paste the following HTML code into your website or blog.
<iframe src="https://www.jobilize.com/embed/socialism-the-command-economy-by-dr-robert-murphy-mises" width="600" height="600" frameborder="0" marginwidth="0" marginheight="0" scrolling="yes" style="border:1px solid #CCC; border-width:1px 1px 0; margin-bottom:5px" allowfullscreen webkitallowfullscreen mozallowfullscreen> </iframe>