Which of the Following Is NOT a Characteristic of a Centrally

question 89

Multiple Choice

Which of the following is NOT a characteristic of a centrally planned economy?

• A)Consumers vote with their dollars thus guiding resources to produce what the society wants.
• B)Government sets the prices.
• C)The government decides how much of each good should be produced.
• D)All of these statements are characteristics of centrally planned economy.

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Definitions:

Cannon-Bard Theory

A theory of emotion that argues physiological arousal and emotional experience occur simultaneously but independently.

Emotional Experience

A complex state involving physiological arousal, expressions, and cognitive interpretation, often triggered by events perceived as personally significant.

Racing Heart

A rapid heartbeat that can be felt by the individual, often a symptom of anxiety, fear, exercise, or medical conditions.

Schachter's Concept

Refers to the idea that emotion results from cognitive appraisal of both physiological arousal and situational cues.