In a command system,
A) self-interest motivates and commands each business firm's decisions and actions.
B) the head of each family decides and commands what to do with the family's resources.
C) a government-appointed planning board makes production and allocation decisions.
D) market traders command what outputs are produced and how they are allocated.
Correct Answer:
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Q99: Q100: In terms of the circular flow diagram, Q101: The government may not implement policies intended Q102: Capitalism gets its name from the fact Q103: The guiding function of prices tends to Q105: The market system is also known as Q106: The economies of North Korea and Cuba Q107: Which of the following statements about self-interest Q108: Laissez-faire capitalism limits the government's economic functions Q109: The government may impose industrial safety regulations
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