In a Command System

question 139

Multiple Choice

In a command system,

• A) self-interest motivates and commands each business firm's decisions and actions.
• B) the head of each family decides and commands what to do with the family's resources.
• C) a government-appointed planning board makes production and allocation decisions.
• D) market traders command what outputs are produced and how they are allocated.

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Definitions:

U.S. Children

Young individuals or minors living within the United States, subjected to its cultural, social, and legal contexts.

Cognitive Development

Cognitive development is the process by which a person learns to think, reason, remember, and solve problems, often associated with the theories of Jean Piaget.

Contextual Features

The aspects of a situation or environment that influence the interpretation or behavior in that setting.

Middle Childhood

A developmental stage that spans from approximately 6 to 12 years of age, characterized by cognitive, emotional, and social development.