Multiple Choice
Which of the following statements is true for a command economy?
A) Consumers have no choice concerning what they buy.
B) Manufacturers decide what is produced.
C) The amount of a good supplied always equals the amount of the good demanded.
D) The state decides how to distribute what is produced.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: According to the theory of comparative advantage,
Q45: Capital, as economists use the term,<br>A) is
Q46: Production is the process by which<br>A) products
Q47: Refer to the information provided in
Q48: Outputs in the production process are<br>A) pollution.<br>B)
Q50: Related to the Economics in Practice on
Q51: Refer to the information provided in Figure
Q52: Refer to the information provided in Figure
Q53: Things that have already been produced that
Q54: In a laissez-faire economy<br>A) individual people and