Which of the following is an example of central planning?

Question

Quizplus · Accepted Answer

Central planning involves the government making decisions about the allocation and distribution of resources, which includes deciding how much of a particular good or service will be produced. In this case, the government is deciding how many automobiles will be built each year, which is an example of central planning. The other options do involve government intervention, but they do not necessarily involve central planning. For example, setting a minimum wage and ensuring access to healthcare are examples of social welfare policies, whereas designing highways and subsidizing public transportation are examples of infrastructure investment.

Which of the Following Is an Example of Central Planning