Which of the following is true of communist economies?Multiple Choiceproduce a huge gap between rich and poorhave a high standard of livingseldom face shortages in consumer goodsappear to be efficient and equitable on paper

The statement that is true of communist economies is: "appear to be efficient and equitable on paper".

In theory, communist economies are designed to eliminate class distinctions by distributing wealth equally among the population. This would suggest efficiency and equity. However, in practice, this is often not the case due to various factors such as corruption, lack of incentives, and inefficiencies in resource allocation.

The other options are generally not true for communist economies. They do not produce a huge gap between rich and poor - in fact, they aim to eliminate this gap. They do not necessarily have a high standard of living - this depends on various factors such as the country's resources and the government's policies. They often face shortages in consumer goods due to inefficiencies in production and distribution.