In a command economy, the three economic questions are answered ...

[geoffrey]

In a command economy, the three economic questions are answered by which of the following?
 a. The production and consumption choices made by sellers and buyers in decentralized markets.
  b. A cartel of major transnational corporations, government agencies, and consumer advocates.
  c. A trilateral commission of major corporations, elected officials, and economists.
 d. A central authority such as a peoples' committee or a dictator.

Question 2

According to the Keynesian model, an economy will have persistent, high unemployment if:
 a. the government runs a budget deficit.
  b. markets operate freely.
  c. its total spending is too low.
  d. firms make too many investments.

[ryansturges]

Answer to Question 1

d

Answer to Question 2

c