In a Command Economy

question 276

Multiple Choice

In a command economy:

• A) producers generally have a lot of choice about what and how much to produce.
• B) prices usually fluctuate according to supply and demand.
• C) marketing activities such as advertising, branding, and market research are encouraged.
• D) consumers usually have some freedom of choice-but it is quite limited.

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Definitions:

Depressed Spot

A concave area or indentation on a surface, which can be physical like on the skin or structural in other materials.

Retina

A layer at the back of the eyeball containing cells that are sensitive to light and that trigger nerve impulses that pass via the optic nerve to the brain, resulting in visual perception.

Fovea

A small depression in the retina of the eye where visual acuity is highest due to the concentration of cones.

Common Cause

A factor that simultaneously affects multiple variables, leading to an association between them.