Which of the Following Is a Characteristic of a Pure

question 111

Multiple Choice

Which of the following is a characteristic of a pure command economy?

• A)all resources are privately owned
• B)economic activity is coordinated by the price system
• C)competitive markets guide resources to their highest-valued uses
• D)centralized economic planning is used to answer the basic economic questions
• E)economic choices are voluntary and are based on rational self-interest

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Definitions:

Board

A group of individuals elected or appointed to govern the affairs of an organization.

Corporation's Assets

Corporation's Assets are all properties, both tangible and intangible, owned by a corporation, including cash, equipment, trademarks, and other resources.

Dissolution

The process of formally ending or dissolving an entity, such as a corporation, partnership, or marriage, through legal means.

Corporation

A legal entity formed by issuing stock to investors, who are the owners of the corporation.