Which of the Following Statements Is Consistent with Central Planning

question 117

Multiple Choice

Which of the following statements is consistent with central planning?

• A) The economy relies heavily on the market mechanism to allocate resources.
• B) Government planners play the dominant role in deciding how resources are allocated.
• C) Economic decisions are made by large competitive firms.
• D) Market prices are used to guide production and consumption activities.

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Definitions:

American Trucking Company

This term refers to any company operating within the United States that is engaged in the business of transporting goods via trucks, though it may not denote any specific entity.

Injured

Refers to a person or entity that has suffered harm or loss, whether physically, financially, or emotionally, often used in legal contexts.

Speed Zone

A designated area where vehicle speed is regulated by law or authority, often to ensure safety in specific conditions or environments.

Negligence Defenses

Legal defenses used to argue that a defendant did not breach a duty of care or that such a breach did not cause the plaintiff's injuries.