In a command economy, the government decides Select all that apply: which goods and services will be produced and the prices to be charged for them nothing about the economy each person's occupation based on tradition

In a command economy, the government decides Select all that apply: which goods and services will be produced and the prices to be charged for them nothing about the economy each person's occupation based on tradition

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In a command economy, the government decides
Select all that apply:
which goods and services will be produced and the prices to be charged for them
nothing about the economy
each person's occupation based on tradition
which methods of production will be used and how much workers will be paid

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