In What Type of Economy Does the Government Own Almost

question 153

Multiple Choice

In what type of economy does the government own almost all the resources and economic decision making is centralized?

• A) command economy
• B) planned economy
• C) market economy
• D) mixed economy

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.

Standard Deviation

Standard deviation is a statistical measure that quantifies the variability or dispersion of a set of data points or investment returns around their mean.

Historical Returns

Historical returns refer to the past performance or yield of an investment or portfolio over a specified period of time.

Years

A measurement of time that typically consists of 365 days, or 366 in a leap year, used as a basic unit for gauging durations and intervals.