Which of the following is a characteristic of a command economy?
A) Promotion of foreign direct investment
B) Allowing prices to be set by the interplay between demand and supply
C) Limited international trade
D) Restricted state-ownership of means of production

Question

Quizplus · Accepted Answer

The governments in most command economies exercised tight control over prices and output. They also prohibited private enterprises from operating in most sectors of the economy, severely restricted direct investment by foreign enterprises, and limited international trade.

Which of the Following Is a Characteristic of a Command