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:

Cartilage

Firm, smooth, resilient, nonvascular connective tissue.

Fauces

Space between the cavity of the mouth and the pharynx.

Gastric Phase

A phase of digestion that occurs in the stomach, initiated by the presence of food, which triggers acid secretion and gastric enzyme activity.

Gastrin

Hormone secreted in the mucosa of the stomach and duodenum that stimulates the secretion of hydrochloric acid by the parietal cells of the gastric glands.