In a Command System

question 268

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:

House of Commons

The lower house of the Parliament of the United Kingdom, comprising Members of Parliament who are elected to represent constituencies.

Senate

A legislative or governing body in various countries, often part of a bicameral system, tasked with making and passing laws.

Majority of Seats

The condition where more than half of the available positions or seats within a particular assembly, such as a parliament or council, are held or occupied by members of a specific party or group.

Extradition

The formal process whereby one country or jurisdiction surrenders an individual to another country or jurisdiction where that individual is accused or convicted of a crime.