Which of the Following Statements Best Describes the Role Played

question 5

Multiple Choice

Which of the following statements best describes the role played by prices in a command economy such as the former Soviet Union?

• A) Prices were used to allocate resources.
• B) Prices played the same role as in a market economy.
• C) Prices were used to ration final goods and services but not to allocate resources.
• D) Prices were not used at all.

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Definitions:

Lewis Dot Structure

A diagram that shows the bonding between atoms of a molecule and the lone pairs of electrons that may exist.

Potassium

A soft silvery metal with the symbol K and atomic number 19, essential for life, particularly in nerve function.

Lewis Dot Structure

A visual representation of the valence electrons of an atom, ion or molecule, using dots around symbols of elements.

Selenium (Se)

A nonmetal element with atomic number 34, vital in small amounts for cellular function in many organisms, and utilized in various industrial applications.