An Economic System in Which Government Planners Determine Production Levels

question 119

Multiple Choice

An economic system in which government planners determine production levels is known as

• A) a command economic system.
• B) a micro-marketing economic system.
• C) a macro-marketing economic system.
• D) a market-directed economic system.
• E) a pure subsistence economic system.

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Definitions:

Goal

An aim or desired outcome that a person or organization endeavors to achieve through concerted effort.

Approach-Approach Conflict

A psychological dilemma involving a choice between two positive or desirable options.

Risking Cash

Involves putting money at stake in a situation where there is a potential for loss, often seen in investments or gambling.

Game Show

A television or radio program where participants play games or answer questions to win prizes.