How does a "command economy" compare to a "market economy"?
A) Production and distribution decisions are made by central planners in a command economy, but not in a market economy.
B) There is scarcity in command economies, but not in market economies.
C) Command economies are less prone to inflation than are market economies.
D) A command economy is more efficient than a market economy because decision making is centralized.
Correct Answer:
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Q1: In a command economy, how are decisions
Q3: In a market economy, how are resources
Q4: In a market economy, who will get
Q5: Which of the following is NOT a
Q6: Three economic questions must be determined in
Q7: Which of the following best characterizes the
Q8: Which of the following best characterizes the
Q9: What tends to occur in countries with
Q10: Which of the following is NOT a
Q11: What is the term for a system
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