In a Centrally Planned Economy

question 249

Multiple Choice

In a centrally planned economy

• A)consumers do not have to consider prices when shopping.
• B)prices are zero.
• C)the government sets prices and decides how much of each good is to be produced.
• D)producers have an incentive to produce those goods most desired by consumers at the lowest cost.

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Definitions:

Partly Masculinized

Referring to the presence of physical or behavioral traits typically associated with males, to some degree, in an individual.

Partly Feminized

A description for something or someone exhibiting certain characteristics typically associated with femininity, but not exclusively or entirely.

Testosterone

Testosterone is a steroid hormone that plays a key role in the development of male reproductive tissues and the promotion of secondary sexual characteristics.

Estrogen

A group of hormones important in the development and regulation of the female reproductive system and secondary sex characteristics.