Examples of Command Economies Are

question 151

Multiple Choice

Examples of command economies are

• A) the United States and Japan.
• B) Sweden and Norway.
• C) Mexico and Brazil.
• D) Cuba and North Korea.

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Definitions:

State Agency

An organization or body created by the government to carry out specific functions on a state level.

Chattel Paper

A writing that indicates both a monetary obligation and a security interest in specific goods.

Monetary Obligation

A legal requirement to pay a certain amount of money, arising from contractual agreements, fines, or other legal instruments.

Security Interest

A legal claim or right granted over assets as security for the repayment of a debt or performance of some obligation.