Which of the Following Is a Characteristic of a Pure

question 148

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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