5
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 5 • * HSA 26-27 Economics

How does a socialist government with a command economy manage its economy?

Answer
A
The government lets producers set wages for workers.
B
The government owns all homes and other forms of housing.
C
The government allows consumers to make their own choices.
D
The government controls factories and other forms of production.

Explanation

In a command economy, the government makes major decisions about what is produced and how resources are used. A socialist government may do this by controlling factories and other forms of production. The correct choice is “The government controls factories and other forms of production.”

AI-written and checked against the verified answer.

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