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:

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An individual's settled way of thinking or feeling about someone or something, typically reflected in their behavior.

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The range of actions and mannerisms exhibited by individuals, organisms, or systems in conjunction with their environment.

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Complex psychophysiological experiences that result from the interpretation of personal significance of a particular event or situation.