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Suppose that a low-income country experiences a change in go

Paper help Economics Suppose that a low-income country experiences a change in go

Economics

Suppose that a low-income country experiences a change in go

Suppose that a low-income country experiences a change in government leadership. Prior to this chan… Show more Suppose that a low-income country experiences a change in government leadership. Prior to this change, the country had a centrally planned economy. The new leaders are willing to try a different system if someone can convince them that it will yield better results. They hire an economist from a country with a market economy to advise them and will order their citizens to follow the economist%u2019s recommendations for change. The economist suggests that a market economy replace central planning to answer the nation%u2019s economic questions (what, how, and who?). 1. What will the economist suggest the leaders order their citizens to do in order to change from a centrally planned economy to a market economy? 2. Are there reasons why the leaders and citizens of this country might not accept the economist%u2019s suggestions? Briefly explain. please write in 300 words. i will choose best one. thank you! • Show less

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