Central planners in command economies
A)generally set production targets for firms.
B)always consult consumers on the output of goods they want to consume.
C)allow prices to organize the economy's production.
D)depend upon the invisible hand to coordinate economic activities.

Question

Quizplus · Accepted Answer

Central planners in command economies generally set production targets for firms, which often involves predetermined quotas on what goods and services should be produced, in what quantities, and at what prices. This is in contrast to market economies, where prices and consumer demand typically determine what goods and services are produced and in what quantities.

Central Planners in Command Economies