Question
What type of economy does the following sentence describe?
The central government has the authority to determine the allocation of resources and makes decisions on how these resources are used and what goods and services are produced and offered in the economy.
(1 point)
Responses
a market economy
a market economy
a command economy
a command economy
a central economy
a central economy
a mixed economy
The central government has the authority to determine the allocation of resources and makes decisions on how these resources are used and what goods and services are produced and offered in the economy.
(1 point)
Responses
a market economy
a market economy
a command economy
a command economy
a central economy
a central economy
a mixed economy
Answers
GPT 3.5
a command economy