Multiple Choice
A pure command economy is best characterized by:
A) a rather large degree of market activities.
B) citizens owning and supplying the factors of production.
C) the "invisible hand" concept.
D) a strong central government deciding what, how, and for whom to produce.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: An important idea in the definition of
Q21: Global warming is a world responsibility and
Q22: The number of Canadian households with access
Q23: Marginalist thinking means that economists have a
Q24: When an economy is achieving economic efficiency
Q26: What does the expression 'invisible hand' denote
Q27: Understanding how individuals make economic decisions is
Q28: The difference between a straight-line production possibilities
Q29: On October 20, 1987, some financial newspapers
Q30: A price system depends on the buying