Describe the workings of a planned economy. Name some countries ...

[serike]

Describe the workings of a planned economy. Name some countries that have planned economies. What is another name for a planned economy?

Question 2

Suppose that you wanted to study the relationship between the number of putts a golfer used in a round of golf (X) to predict the golfer's total score for the round (Y). You study a group of golfers and find that the regression equation is:Y = 45.30 + 1.38 XWhat golf score would you predict for a golfer that used 35 putts?
 a. 88
 b. 98
 c. 94
 d. 91

[tofugiraffe]

Answer to Question 1

The government makes most economic decisions and determines which products are produced in a planned economy (also called a command economy). It also determines where products can be sold and the prices to be charged. Only a few countries in the world, such as North Korea and Cuba, operate as planned economies.

Answer to Question 2

c

[serike]

YES! Correct, THANKS for helping me on my review

[juliaf]

Great answer, keep it coming