Which of the following is a characteristic of command economies?
A) Rewards to economic agents are based on market prices.
B) Coordination of economic agents is automatic.
C) It is difficult to incentivize economic agents.
D) The invisible hand functions without any restraint.
Question 2
Bongo plays drums in his parents' garage after school. What can we be sure of?
A) Bongo's drumming imposes negative externalities on others.
B) Bongo's drumming delivers positive externalities to others.
C) Bongo expects to benefit while drumming.
D) All of the above.
