In a command economy, the basic economic questions are answered by:
A) central authority.
B) individual buyers and sellers.
C) the traditional methods.
D) none of the above.

Question

Quizplus · Accepted Answer

In a command economy, the government or a central authority determines what to produce, how much to produce and at what price, effectively answering the basic economic questions.

In a Command Economy, the Basic Economic Questions Are Answered