Asked in a 1979 paper

Worker-managed socialism helped contribute to ________ 's rapid economic growth from 1959 to 1979?

Correct answer: A. Yugoslavia

  • A. Yugoslavia
  • B. Chile
  • C. Vietnam
  • D. Japan

Explanation

Yugoslavia used a distinctive worker-managed socialist system, in which enterprises were managed by workers’ councils. This model accompanied the country’s rapid growth during 1959–1979.

Written and checked by , editorLast updated
Report an error

The more specific you are, the faster it gets fixed. A source beats an opinion.

Prefer email? [email protected]

About Macroeconomics

The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.

Practise Macroeconomics

1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.

Discussion

Stuck on an option, or know a faster way to get there? Ask or explain it here.

No comments yet. Be the first to explain this one.

Exams that ask Economics questions like this

Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.

More Macroeconomics questions