In a Command Economy

question 138

Multiple Choice

In a command economy

• A)a dictator makes every economic decision
• B)owners can sell their resources to the highest bidder
• C)no individual or group coordinates the economy
• D)in theory, individual choices are reflected in collective decisions, and decisions are made by central planners
• E)public ownership of resources is combined with free markets to direct economic activity

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Definitions:

Private Investor's Suit

Legal action initiated by a private investor rather than a regulatory agency, typically involving securities fraud or violations of securities laws.

Initial Public Offering

The first sale of a company's shares to the public, leading to a public listing on a stock exchange.

Internet

A vast network of computers globally connected that facilitates data exchange and communication.

Insider Trading

The unlawful act of buying and selling stocks for personal gain using privileged information that is not publicly available.