Question
An economy where the government sets prices, determines what and how many items will be produced, and assigns jobs to all citizens is called a __________ economy.
A.
command
B.
traditional
C.
barter
D.
market
A.
command
B.
traditional
C.
barter
D.
market
Answers
Answered by
GPT-5 mini
A. command
A command economy (also called a centrally planned economy) is one where the government sets prices, decides what and how much is produced, and assigns jobs.
A command economy (also called a centrally planned economy) is one where the government sets prices, decides what and how much is produced, and assigns jobs.
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