In a command economy, _____
A) society makes every economic decision.
B) owners can sell their resources to the highest bidder.
C) no individual or group coordinates the economy.
D) individual choices are reflected in collective decisions and decisions are made by central planners.
E) public ownership of resources is combined with free markets to direct economic activity.
Correct Answer:
Verified
Q15: Opportunity cost is the difference between the
Q121: A mixed economy is one in which:
A)decisions
Q123: Which of the following is a characteristic
Q159: Exhibit 2.5 Q160: The reason that the production possibilities frontier Q161: A command economy that is now allowing Q163: Which system is characterized by the private Q165: Recognizing the incentive power of property rights Q167: Charging interest is banned under Islamic law. Q168: A major distinguishing feature between capitalist and
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents