When collective decision making is utilized to resolve economic questions regarding the allocation of resources,
A) decentralized decision making is inevitable.
B) central planning and political bargaining will replace market forces.
C) individual preferences are of no importance.
D) economic equality will result.

Question

Quizplus · Accepted Answer

When collective decision making is used, central planning and political bargaining often replace market forces in determining how resources are allocated.

When Collective Decision Making Is Utilized to Resolve Economic Questions