In a Command Economy, How Are Decisions About How to Allocate

question 121

Multiple Choice

In a command economy, how are decisions about how to allocate resources made?

• A) by a lottery system
• B) by individuals and firms interacting in markets coordinated by a price system
• C) by the firms that have the most power in the market
• D) by a central planning board

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Definitions:

Carbon Monoxide Poisoning

Exposure to excessive levels of carbon monoxide gas, which is toxic, leading to symptoms like headache, dizziness, and possibly death.

Firearms

Weapons capable of firing a projectile using gunpowder or another propellant, including guns, rifles, and pistols.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment.

Affective Response

An emotional reaction or response to stimuli, reflecting a person's feelings or emotions.