A Principal Feature of a Command Economy Is That ____________

Multiple Choice

A principal feature of a command economy is that ____________.

A) production decisions are made by profit-maximizing firms.
B) there is a central planning board at the top, which transmits economic decisions down to the various producing and consuming units below.
C) consumers are allowed to determine that is produced based on their demand for goods and services.
D) regulatory agencies constrain the most egregious forms of market power in a market system of allocation.