Multiple Choice
Which of the following best distinguishes a "command economy" from a "market economy?"
A) A command economy is more efficient than a market economy because decision making is centralized.
B) There is scarcity in command economies, but not in market economies.
C) Command economies are less prone to inflation than are market economies.
D) Production and distribution decisions are made by central planners in a command economy, but not in a market economy.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: The production possibilities curve marks the boundary
Q24: Exhibit 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-2
Q25: Exhibit 3-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-9
Q26: A market system:<br>A)produces answers to a society's
Q27: Exhibit 3-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-7
Q29: Exhibit 3-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-14
Q30: Exhibit 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-4
Q31: A market economy answers the question "what"
Q32: The bowed production possibilities curve represents:<br>A)constant opportunity
Q33: Does economic growth eliminate scarcity?