Which of the Following Statements Does Not Describe a Command

question 370

Multiple Choice

Which of the following statements does not describe a command economy?

• A) Government bureaucrats decide what and how much is to be produced.
• B) A command economy is sometimes called a "planned economy."
• C) Prices are set by the law of supply and demand.
• D) Producers offer a highly limited assortment of goods and services.
• E) The economy is found in countries like Iran and North Korea.

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Definitions:

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An idea-generating process where participants freely share thoughts and solutions without judgment, to stimulate creativity.

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The process of grouping a set of objects in a way that objects in the same group are more similar to each other than to those in other groups.

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The practice of regularly recording one's thoughts, experiences, and observations for personal reflection or historical record.

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