Solved

Which of the Following Statements Is TRUE

Question 193

Multiple Choice

Which of the following statements is TRUE?


A) In a planned economy, goods and services are always produced using least cost production techniques.
B) In a planned economy, the basic economic decisions are the result of interaction between buyers and sellers.
C) In a planned economy, how goods and services are produced, is determined largely by the resources central planners make available to producers.
D) In a planned economy, individuals and centralized government authorities work together to answer the basic economic questions.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents