Answers Economics Full-Year Practice TestQuestion 7

7

practice testMultiple Choice

Practice Test

Question 7 • Economics (Full-Year)

Which statement best describes a command economy?

Answer

A

The government controls all aspects of the production, distribution, and price of goods and services.

B

Buyers and sellers are free to make, sell, and buy what they want with no government interference.

C

Buyers and sellers work with the government to make economic decisions based on tradition and culture.

D

The government owns and controls some industries, while private individuals or groups own and control others.

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