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Planned Economy Refers to an Economic System in Which

Question 55

Multiple Choice

Planned economy refers to an economic system in which:

A) a regional economic bloc directs and controls the economy, including the means and decision making for production.
B) the government or state directs and controls the economy, including the means and decision making for production.
C) the domestic, privately owned companies direct and control the economy, including the means and decision making for production.
D) multinational companies direct and control the economy, including the means and decision making for production.
E) the dominant ethnic group controls and directs the economy, including the means and the decision making for production.

Correct Answer: