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A System in Which the Government Decides What Goods and Services

Question 89

Multiple Choice

A system in which the government decides what goods and services will be produced, how they will be produced, for whom they will be produced, and who owns and controls the major factors of production is referred to as a ____ economy.


A) command
B) capitalistic
C) mixed
D) laissez-faire
E) communal

Correct Answer:

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