Which of the following statements is true for a command economy?
A) Consumers have no choice concerning what they buy.
B) Manufacturers decide what is produced.
C) The amount of a good supplied always equals the amount of the good demanded.
D) The state decides how to distribute what is produced.
Correct Answer:
Verified
Q189: Production decisions are centralized in a(n)
A) laissez-faire
Q190: In a command economy, _ establish(es) what
Q191: Some economists advocate government intervention in a
Q192: Advocates of an unregulated market system argue
Q193: The basic coordinating mechanism in a free-market
Q195: Which of the following is true of
Q196: In a laissez-faire economy
A) individual people and
Q197: Which of the following statements is false?
A)
Q198: In a laissez-faire economy, _ what gets
Q199: Which of the following statements is true?
A)
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