MCQOPTIONS
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| 1. |
In a command (planned) economy ? |
| A. | The price mechanism acts as an incentive |
| B. | Resources are allocated by market forces |
| C. | Individual firms make decisions for themselves about what to produce and how to produce it |
| D. | The public sector is large |
| Answer» C. Individual firms make decisions for themselves about what to produce and how to produce it | |