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Opportunity Cost

Question 4 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

The government decides what is produced, along with how much is produced.

Answer
A
Command economy
B
Mixed market economy
C
Pure market economy

Explanation

In a command economy, the government makes the major decisions about what goods and services are produced and how much is made. A mixed market economy combines government direction with private market choices, while a pure market economy relies on buyers and sellers to make those decisions.

AI-written and checked against the verified answer.

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