Which of the following is an element of a centrally planned economy?
A) production decisions are centralised.
B) The market decides what will be consumed.
C) The market decides the distribution of income.
D) The market decides what will be produced.
Correct Answer:
Verified
Q1: Aggregate demand is defined by the equation:
A)
Q2: In a barter economy:
A) services are exchanged
Q4: Studying how the management of Telstra decides
Q5: Aggregate supply is the total amount of:
A)
Q6: The study of economics:
A) is concerned with
Q7: If the opportunity costs of producing a
Q8: A retired individual decides to spend the
Q9: In the real world, economic systems of
Q10: A production possibility curve shows the:
A) production
Q11: Opportunity cost is best defined as the:
A)
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