Asked by len
Look at the diagram. Then answer the questions that follow.
Resize Columns
Question 7.
How are these questions answered in a command economy?
based on supply and demand
based on government planning
based on custom and what is necessary to survive
based on exchange rates and foreign trade partners
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based on government planning
In a command economy central authorities (the government or planners) decide what to produce, how to produce it, and who receives the output.
In a command economy central authorities (the government or planners) decide what to produce, how to produce it, and who receives the output.
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