In a Command Economy, _____

question 117

Multiple Choice

In a command economy, _____

• A) society makes every economic decision.
• B) owners can sell their resources to the highest bidder.
• C) no individual or group coordinates the economy.
• D) individual choices are reflected in collective decisions and decisions are made by central planners.
• E) public ownership of resources is combined with free markets to direct economic activity.

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Definitions:

Independence

The condition or quality of being self-reliant and free from external control or support, often associated with nations, individuals, or thoughts.

Maturity

The state of being fully developed in the body or the mind, or the state of being ready for something.

Social Learning Theory

A hypothesis proposing that individuals acquire knowledge through watching, copying, and emulating each other.

Gender-typed Behavior

Actions or behaviors commonly associated with or expected from males or females in a given culture, often based on societal norms or stereotypes.