Which of the Following Is Characteristic of a Country with a Planned

question 97

Multiple Choice

Which of the following is characteristic of a country with a planned economic system?

• A) The economy relies chiefly on market forces to allocate goods and resources and to determine prices.
• B) The economic system combines private and state enterprises with limited intervention from the government.
• C) The economy subscribes to capitalistic competition, where private parties own and operate the majority of businesses.
• D) The economic system is primarily capitalistic but there is some degree of government ownership of the means of production.
• E) The economy is largely controlled by the government and freedom of choice is limited in order to accomplish government goals.

---

Definitions:

Testable Explanation

A theory that can be validated or disproven through experimental or observational methods.

Hypothesis

A proposed explanation for a phenomenon, serving as the starting point for further investigation through experimentation and observation.

Pseudoscience

Claims, beliefs, or practices presented as scientific but lacking empirical evidence or falsifiability, not adhering to the scientific method.

Testable Explanation

A hypothesis or theory that can be put to the test, designed to explain phenomena in the natural world.