In a Command System

question 268

Multiple Choice

In a command system,

• A)self-interest motivates and commands each business firm's decisions and actions.
• B)the head of each family decides and commands what to do with the family's resources.
• C)a government-appointed planning board makes production and allocation decisions.
• D)market traders command what outputs are produced and how they are allocated.

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Definitions:

Broaden-and-build Theory

A psychological model suggesting that positive emotions expand one's awareness and inspire novel, varied, and exploratory thoughts and actions.

Positive Emotions

Feelings that are enjoyable and pleasurable, such as happiness, joy, or love, which contribute to positive well-being.

Differentiated

To be distinguished or made distinct in nature or qualities from others, often referring to products, services, or market segments.

Affective Forecasting

The process of predicting one's future emotional states or the emotional impact of future events.