Multiple Choice
Which of the following is characteristic of a pure command economy?
A) All resources are privately owned.
B) Economic activity is coordinated by the price system.
C) Competitive markets guide resources to their highest-valued uses.
D) Centralized economic planning is used to answer the basic economic questions.
Correct Answer:
Verified
Correct Answer:
Verified
Q105: Which country has one of the most
Q106: Exhibit 2-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt="Exhibit 2-9
Q107: When does the law of comparative advantage
Q108: Suppose there are increases in resources, or
Q109: Suppose Marlene has purchased a non-refundable $700
Q111: Which statement best describes the results of
Q112: Because of specialization and comparative advantage, which
Q113: Exhibit 2-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt="Exhibit 2-4
Q114: Melissa is a self-employed lawyer.She chooses to
Q115: Which of the following questions does an