Which of the following is NOT a characteristic of a centrally planned economy?
A) Consumers vote with their dollars thus guiding resources to produce what the society wants.
B) Government sets the prices.
C) The government decides how much of each good should be produced.
D) All of these statements are characteristics of centrally planned economy.
Correct Answer:
Verified
Q166: Statement I: In a centrally planned economy
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A)argued that capitalism is often confused
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A)a
Q172: Which statement is false?
A)Throughout the 1980s,the Soviet
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A)national
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Q176: The price mechanism
A)works best when many competing
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