Which of the Following Is a Characteristic of a Pure

question 111

Multiple Choice

Which of the following is a 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
• E)economic choices are voluntary and are based on rational self-interest

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Definitions:

Contact Histogram

An instruction sequence that monitors a designated memory bit or a designated input or output point for a change of state. A listing is generated by the instruction sequence that displays how quickly the monitored point is changing state.

Selected Address

Refers to a specific memory location or device identified for data storage, access, or communication.

PLC Control Process

The sequence and method by which a Programmable Logic Controller (PLC) receives inputs, processes them according to its programmed logic, and generates outputs to control machinery or processes.

Commissioning

The process of verifying and bringing newly installed equipment, systems, or facilities into operational condition.