In a Command Economy, the Basic Economic Questions Are Answered

question 93

Multiple Choice

In a command economy, the basic economic questions are answered by:

• A) central authority.
• B) individual buyers and sellers.
• C) the traditional methods.
• D) none of the above.

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Definitions:

Cohesion

The force or quality of sticking together, often used to describe unity or solidarity within groups.

Social Identity Theory

The theory that people define and evaluate themselves largely in terms of the social groups with which they identify.

Social Dominance

The concept that some individuals or groups hold a higher status within a social hierarchy, often exerting power or influence over others.

System Justification

A theory suggesting that people have a tendency to defend, uphold, and rationalize the status quo, even when it is detrimental to their own interest.