Which of the Following Is a Characteristic of a Pure

question 148

Multiple Choice

Which of the following is a characteristic of a pure command economy?

• A)All resources are privately owned.
• B)Economic activity is coordinated by the price system.
• C)Competitive markets guide resources to their highest-valued uses.
• D)Centralized economic planning is used to answer the basic economic questions.
• E)Economic choices are voluntary and are based on rational self-interest.

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Definitions:

Reaction Sequence

A series of chemical reactions where the product of one reaction serves as the reactant for the next.

Phospholipid

A lipid molecule that is a major component of cell membranes, consisting of two fatty acids, a phosphate group, and a glycerol backbone.

Alkaloid

A class of naturally occurring organic compounds that mostly contain basic nitrogen atoms.

Organic Product

A compound resulting from an organic reaction, characterized by containing carbon atoms bonded to hydrogen, other carbon atoms, or heteroatoms.