Tim Hughes works at an institutional bakery and is paid a wage dictated by the government.He does not like his job but is not allowed other options.Tim must purchase necessities for his family at fixed prices.The country Tim lives in can be described as a ____ economy.
A) demand
B) command
C) market
D) free-enterprise
E) capitalist

Question

Quizplus · Accepted Answer

The characteristics mentioned in the scenario (government-dictated wages and fixed prices for necessities) indicate that the country has a command economy, where the government controls the production and distribution of goods and services.

Tim Hughes Works at an Institutional Bakery and Is Paid