Which of the Following Is True of a Command Economy

question 59

Multiple Choice

Which of the following is true of a command economy? 

• A) All factors of production are privately owned. 
• B) The government only performs those functions that the private sector cannot perform. 
• C) It does not allow private entrepreneurship. 
• D) It strictly follows the doctrine of laissez faire.

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Definitions:

Cumulative Cultural Evolution

The process by which cultures accumulate changes over time, leading to the development and refinement of knowledge, technology, and social norms.

Mutated Gene

A gene that has undergone a change in its DNA sequence, which can affect the gene's function.

Biological Adaptation

The process through which organisms adjust and evolve to become better suited to their environment over time.

Unequal Portions

Divisions or allocations of a whole into parts that are not of equal size or value.