Which of the following statements is true?
A) Planned economies have fared very well in recent years, with many of these economies thriving.
B) Command economies operate the most efficiently because the government makes all the production decisions.
C) In command economies consumers still exercise choice.
D) In a command economy, consumers answer the questions of what to produce, how to produce it, and how to distribute it.

Question

Quizplus · Accepted Answer

In command economies, although the government makes most of the economic decisions, consumers still retain some level of choice, such as in the selection of available products or services within the constraints of what is provided.

Which of the Following Statements Is True