10
QuizMultiple Choice

Comparing Economic Systems — Quiz

Question 10 • Economics (Full-Year)

How are prices determined differently in a free-market economy versus a command economy?

Answer
A
In a command economy, consumers control prices, while in a free-market economy, the government controls prices.
B
In a command economy, the market controls prices, while in a free-market economy, manufacturers control prices.
C
In a command economy, manufacturers control prices, while in a free-market economy, consumers control prices.
D
In a command economy, the government controls prices, while in a free-market economy, the market controls prices.
How are prices determined differently in a…