How is the allocation of goods and services production determined in a command economy?(1 point)

Question

Responses

Businesses decide what to produce on the basis of market conditions.
Businesses decide what to produce on the basis of market conditions.

Consumers decide through their behavior in the marketplace.
Consumers decide through their behavior in the marketplace.

Central government planning decides what will be produced.
Central government planning decides what will be produced.

Supply and demand control production and price.
Supply and demand control production and price.
Question 2
Analyze the chart. Which statement best describes a comparison between East Asian economic systems?

(1 point)
Responses

China's ecomomy is purely market based and Japan's economy is purely command.
China's ecomomy is purely market based and Japan's economy is purely command.

China's economy is purely command, and Japan's is purely market.
China's economy is purely command, and Japan's is purely market.

Taiwan's economy is less market based than that of North Korea
Taiwan's economy is less market based than that of North Korea

North Korea has a more purely command economic system than China.

Answer 1

For the first question regarding the allocation of goods and services production in a command economy, the correct response is:

Central government planning decides what will be produced.

In a command economy, the government makes all the decisions about the production and distribution of goods and services, rather than relying on market forces.

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For the second question about East Asian economic systems, the statement that best describes the comparison is:

North Korea has a more purely command economic system than China.

This statement reflects the reality of the economic systems where North Korea's economy is predominantly state-controlled, while China's economy incorporates more market-oriented reforms compared to North Korea's.