Question 1

Question

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

Answer 1

Central government planning decides what will be produced.