In a Command Economy

question 138

Multiple Choice

In a command economy

• A)a dictator makes every economic decision
• B)owners can sell their resources to the highest bidder
• C)no individual or group coordinates the economy
• D)in theory, individual choices are reflected in collective decisions, and decisions are made by central planners
• E)public ownership of resources is combined with free markets to direct economic activity

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Definitions:

Cultural Practices

The habitual activities and norms that define a culture, including religious rituals, marriage ceremonies, and dietary habits.

Everyday Interactions

The mundane, routine social exchanges and activities that occur in daily life.

C. Wright Mills

An American sociologist known for his work on power and class structure in America, most notably his theories presented in "The Power Elite."

Public Intellectual

An intellectual who communicates ideas and analyses about society to the public.