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:

Intermittent Reinforcement

Intermittent reinforcement rewards behavior only periodically.

Pavlov's Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Stimulus

A stimulus is any event or situation that evokes a response or reaction from someone or something.

Vicarious Learning

A learning process where individuals acquire knowledge or behaviors by observing the actions and consequences experienced by others.