Question
In which type of economy is the government MOST LIKELY to set production quotas for
certain goods?
a. Command economy
b. Market economy
c. Mixed economy
d. Traditional economy
certain goods?
a. Command economy
b. Market economy
c. Mixed economy
d. Traditional economy
Answers
GPT-4o mini
a. Command economy
In a command economy, the government typically makes all decisions regarding the production and distribution of goods and services, including setting production quotas for certain goods.
In a command economy, the government typically makes all decisions regarding the production and distribution of goods and services, including setting production quotas for certain goods.