Author Question: In a command economy a. a dictator makes every economic decision b. owners can sell their ... (Read 24 times)

Alainaaa8 · **on:** Jul 1, 2018

In a command economy
a. a dictator makes every economic decision
b. owners can sell their resources to the highest bidder
c. no individual or group coordinates the economy
d. in theory, individual choices are reflected in collective decisions, and decisions are made by central planners
e. public ownership of resources is combined with free markets to direct economic activity

Question 2

Inefficiency is a flaw of a command economy because there is less incentive for resources to flow to their highest-valued uses.
a. True
b. False