Consider the Following Economic Agents

question 270

Multiple Choice

Consider the following economic agents:
a. the government
b. consumers
c. producers
Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy?

• A) the government
• B) producers
• C) consumers
• D) consumers and producers
• E) the government, consumers, and producers

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Definitions:

Full-scale Military Invasion

A large-scale, comprehensive military attack by one country on another, often leading to occupation or significant change in governance.

Federal Marshals

Law enforcement officers within the United States Department of Justice, responsible for duties such as protection of the federal judiciary, apprehension of fugitives, and management of criminal assets.

Civil Disobedience

The act of intentionally breaking laws or commands of a government or occupying power, to protest against laws or policies considered unjust.

Black Power

A political and social movement among African Americans, emphasizing racial pride, economic empowerment, and the creation of political and cultural institutions.