Statement I: in a Centrally Planned Economy,consumers Do Not Have

question 237

Multiple Choice

Statement I: In a centrally planned economy,consumers do not have to consider prices when shopping.
Statement II: In a capitalist economy the three basic economic questions (what,how and for whom) are determined by the price mechanism.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

---

Definitions:

Enmeshed Family

A family system characterized by very close and often overly involved relationships between members, leading to a lack of appropriate boundaries.

Emotional State

The complex psychophysiological experience of an individual's state of feeling or mood, ranging from joy to sadness, that can change in response to the environment.

Facebook

A social networking platform that allows users to connect and share with family and friends online, established in February 2004 by Mark Zuckerberg and colleagues.

Body Image

One's perception, thoughts, and feelings about their own body’s appearance, size, and shape.