Which of the following statements is true?
A. In a command economy, consumers answer the questions of what to produce, how to produce it, and how to distribute it.
B. In command economies consumers still exercise choice.
C. Planned economies have fared very well in recent years, with many of these economies thriving.
D. Command economies operate the most efficiently because the government makes all the production decisions.
Answer: B
Economics
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a. monopoly b. perfect competitive c. monopsony d. duopoly
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a. lowers; decrease b. raises; increase c. increases; decrease d. changes; not change
Economics