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A principal feature of a command economy is that __________. a. production decisions are made by profit-maximizing firms. b. there is a central planning board at the top, which transmits economic decisions down to the various producing and consuming units below. c. consumers are allowed to determine that is produced based on their demand for goods and services. d. regulatory agencies constrain the most egregious forms of market power in a market system of allocation.

BuyFind

Economics For Today

10th Edition
Tucker
Publisher: Cengage Learning
ISBN: 9781337613040
BuyFind

Economics For Today

10th Edition
Tucker
Publisher: Cengage Learning
ISBN: 9781337613040

Solutions

Chapter
Section
Chapter 29, Problem 14SQ
Textbook Problem

A principal feature of a command economy is that __________.

  1. a. production decisions are made by profit-maximizing firms.
  2. b. there is a central planning board at the top, which transmits economic decisions down to the various producing and consuming units below.
  3. c. consumers are allowed to determine that is produced based on their demand for goods and services.
  4. d. regulatory agencies constrain the most egregious forms of market power in a market system of allocation.

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