Question

which statement best describes a command economy? a. government intervention in economic choices is strictly forbidden b. the government determines economic choices and makes most decisions c. the decisions made by producers and consumers drive all economic choices d. producers and consumers make some economic choices while the government makes others

Name: which statement best describes a command economy a government intervention in economic choices is strictly forbidden b the government determines economic choices and makes most decisions c t 50276
Uploaded: 2022-04-28T16:00:33-08:00
Duration: 1 min 30 s
Channel: Rachel Gore
Description: which statement best describes a command economy a government intervention in economic choices is strictly forbidden b the government determines economic choices and makes most decisions c t 50276

          which statement best describes a command economy?
a. government intervention in economic choices is strictly forbidden 
b. the government determines economic choices and makes most decisions 
c. the decisions made by producers and consumers drive all economic choices 
d. producers and consumers make some economic choices while the government makes others

Added by Theresa S.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Rachel Gore

04/28/2022

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In a command economy, the government makes all economic decisions and controls all aspects of production and distribution. Show more…

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which statement best describes a command economy? a. government intervention in economic choices is strictly forbidden b. the government determines economic choices and makes most decisions c. the decisions made by producers and consumers drive all economic choices d. producers and consumers make some economic choices while the government makes others