Which of the Following Statements Is False

question 10

Multiple Choice

Which of the following statements is false?

• A) Many planned economies have not fared very well in recent years; many of these economies have almost completely collapsed.
• B) Command economies operate the most efficiently because the government makes all the production decisions.
• C) In command economies, consumers still exercise choice.
• D) In a command economy, the government answers the questions of what to produce, how to produce it, and how to distribute it.

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Definitions:

Chance Variation

Chance Variation refers to the unpredictability in data or outcomes that arises from random processes inherent in statistical experiments.

Randomly Selected

The process of choosing individuals or items in such a way that each member of a population has an equal chance of being included in the sample.

Normal Fluctuations

Variations in data or statistical measurements that are considered normal or typical within a specific context.

Assignable Variation

Variability in a process attributable to identifiable reasons, rather than being due to chance.