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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Definitions:

Autonomic Nervous System

The part of the nervous system responsible for controlling bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Sympathetic

Referring to the part of the autonomic nervous system that is responsible for preparing the body for physical activity and coping with stress.

Parasympathetic

Relates to the part of the autonomic nervous system responsible for conserving energy and slowing down the body's responses, in contrast to the sympathetic nervous system, which stimulates activities.

Adrenal Glands

Endocrine glands, located on top of each kidney, that secrete hormones and affect metabolism.