When some former command economies have moved towards market economies, they have sometimes taken a gradual approach. This has involved keeping certain parts of the command system in place. Which is not a valid short-run reason for retaining the feature shown?
- Ainconvertible currency – to attract foreign direct investment
- Bprice controls on foodstuffs – to protect the real value of workers’ incomes
- Cstate ownership of banks – to avoid large-scale bankruptcies
- Dtariffs on imported manufactures – to allow comparative advantage to develop