The Decision About What Goods and Services Will Be Produced

question 30

Multiple Choice

The decision about what goods and services will be produced in a centrally planned economy is made by

• A)lawmakers in the government deciding on what will be produced.
• B)workers deciding to produce only what the boss says must be produced.
• C)producers deciding what society wants most.
• D)consumers and firms choosing which goods and services to buy or produce.
• E)consumers dictating to firms what they need most.

---

Definitions:

Predestination

A theological doctrine that all events have been willed by God, particularly relating to the fate of the soul after death, found in various religious traditions.

New Amsterdam

The 17th-century Dutch colonial settlement that later became New York City after being taken by the English.

Slave Trade

The historical practice of buying, selling, and transporting enslaved individuals, especially prevalent in the Atlantic world from the 16th to the 19th century.

Royal Families

Dynastic families who traditionally rule a country as monarchs, often passing leadership from one generation to the next.