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In Practice,the Term "Centrally Planned Economy" Refers to an Economy

Question 57

Multiple Choice

In practice,the term "centrally planned economy" refers to an economy in which


A) the government makes ALL production and consumption decisions.
B) the mix of market and command principles is heavily weighted towards the latter.
C) all commodities are rationed.
D) the military is in control of the government.
E) economic decisions are made in the geographic centre of the country.

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