Consider the following economic agents: a. the government
B. consumers
C. producers
Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy?
A) the government
B) producers
C) consumers
D) consumers and producers

Question

Quizplus · Accepted Answer

In a centrally planned economy, the government decides what goods and services will be produced with the scarce resources available in that economy. Consumers and producers have limited or no input in the decision-making process.

Consider the Following Economic Agents: A. the Government