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Author Question: One of the most centrally planned economies in the world today is found in a. the United States b. ... (Read 33 times)

jasdeep_brar

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  • Posts: 569
on: Jul 1, 2018
One of the most centrally planned economies in the world today is found in
 a. the United States
  b. Germany
  c. Canada
  d. Japan
  e. North Korea

Question 2

Which of the following is a characteristic of a pure command economy?
 a. all resources are privately owned
  b. economic activity is coordinated by the price system
  c. competitive markets guide resources to their highest-valued uses
  d. centralized economic planning is used to answer the basic economic questions
  e. economic choices are voluntary and are based on rational self-interest


dawsa925

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  • Posts: 326
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

D


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