Which of the Following Is a Characteristic of a Pure

question 148

Multiple Choice

Which of the following is a characteristic of a pure command economy?

• A)All resources are privately owned.
• B)Economic activity is coordinated by the price system.
• C)Competitive markets guide resources to their highest-valued uses.
• D)Centralized economic planning is used to answer the basic economic questions.
• E)Economic choices are voluntary and are based on rational self-interest.

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Definitions:

Homeostasis

The tendency of a biological system to maintain stable internal conditions despite changes in external environments.

Body Temperature

The measure of the body's ability to generate and get rid of heat, vital for maintaining metabolic processes.

A Drive

An internal motivational state that compels an organism to engage in specific behaviors to fulfill a need or achieve a goal.

Genetic Predispositions

Inclinations or susceptibilities to certain traits, behaviors, or diseases, inherited from one's parents through genes.