Which of the Following Is a Characteristic of a Pure

question 148

Multiple Choice

Which of the following is a characteristic of a pure command economy?

• A)All resources are privately owned.
• B)Economic activity is coordinated by the price system.
• C)Competitive markets guide resources to their highest-valued uses.
• D)Centralized economic planning is used to answer the basic economic questions.
• E)Economic choices are voluntary and are based on rational self-interest.

---

Definitions:

Modify Schema

The process of adjusting or changing one's framework of knowledge to incorporate new information.

Ethnic Groups

Groups of people who identify with each other based on shared cultural characteristics, ancestry, or historical past.

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society inherited from past generations, preserved in the present, and bestowed for the benefit of future generations.

Phallic Stage

A phase in Freudian psychosexual development, occurring roughly between the ages of three and six, where the libido's focus is on the genital area.