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
E) the government, consumers, and producers

Question

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
E) the government, consumers, and producers

Quizplus · Accepted Answer

In a centrally planned economy, the government makes the decisions about what goods and services will be produced, how they will be produced, and who will receive them.

Consider the Following Economic Agents