In Practice,the Term "Centrally Planned Economy" Refers to an Economy

question 57

Multiple Choice

In practice,the term "centrally planned economy" refers to an economy in which

• A)the government makes ALL production and consumption decisions.
• B)the mix of market and command principles is heavily weighted towards the latter.
• C)all commodities are rationed.
• D)the military is in control of the government.
• E)economic decisions are made in the geographic centre of the country.

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Definitions:

Evolve

To evolve is for a species to undergo gradual changes in its genetic makeup over generations, leading to adaptation and variation within the population.

Cerebral Cortex

The outer layer of the brain in vertebrates, responsible for complex brain functions such as thought, memory, emotion, and motor control.

Tetrapods

The superclass of animals with four limbs, including amphibians, reptiles, birds, and mammals, as well as their extinct relatives.

Optic Tectum

A part of the brain found in the midbrain of vertebrates, involved in visual processing.