In a Command Economy, Decisions About How to Allocate Resources

question 87

Multiple Choice

In a command economy, decisions about how to allocate resources are made:

• A)​based upon tradition.
• B)​by a central planning board.
• C)​by individuals and firms interacting in markets coordinated by a price system.
• D)​by a lottery system.

---

Definitions:

Overestimate

To assess something as greater or more significant than it actually is.

Overeating Carbohydrates

The consumption of carbohydrates in amounts exceeding the body's energy requirements, often leading to weight gain.

Whole Grains

Grains that contain all essential parts and naturally-occurring nutrients of the entire grain seed in their original proportions.

Nutrients

Substances needed for growth, metabolism, and for other body functions; includes vitamins, minerals, carbohydrates, fats, and proteins.