Which of the following statements is NOT true for a command economy?
A) Consumers have some choices concerning what they buy.
B) The government decides what is produced.
C) The amount of a good supplied always equals the amount of the good demanded.
D) The state decides how to distribute what is produced.

Question

Quizplus · Accepted Answer

In a command economy, the government controls production and distribution, and goods are allocated to consumers based on government decisions rather than market demand. Therefore, it is not accurate to say that the amount of a good supplied always equals the amount of the good demanded, as this is a characteristic of a market economy where supply and demand are determined by consumers and producers in the marketplace.

Which of the Following Statements Is NOT True for a Command