Answer with True or False:
1. Classification criteria for economic system include
decision-making systems, mechanisms for information and
coordination, incentive structures, property rights, and mechanisms
for public choices.
2. All economic systems can be classified as market capitalism
or centrally planned socialism.
3. Generally speaking, transition economies emerging from the
former Soviet Union have done least well with transition, while
those of Central and Eastern Europe have done the best.
4. Capitalism relies primarily on material incentives, while
planned socialism...