In what type of economy are all businesses state owned, the rationale being that the government can then direct them to make investments that are in the best interests of the nation as a whole rather than in the interests of private individuals?

A. Free market
B. Deregulated
C. Pure command
D. Mixed
E. Laissez-faire

C
In a pure command economy, all businesses are state owned, the rationale being that the government can then direct them to make investments that are in the best interests of the nation as a whole rather than in the interests of private individuals.

Business

You might also like to view...

If the average maturity of assets is 4 years and the average maturity of liabilities is 4 years, then the FI has no interest rate risk exposure.

a. true b. false

Business

A two-story platform house is built

a. with studs that extend from the first floor to the ceiling of the second story. b. one story at a time. c. with posts within the house that support beams. d. with no interior supporting walls.

Business