Microeconomics and Entrepreneurship — Test

Question 9 • Personal Finance

How does a command economy differ from a mixed market economy?

Answer

In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property.

In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.

In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.

In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property

Explanation

In a command economy, the government makes most economic decisions and generally limits citizens’ control over property. A mixed market economy combines private ownership and market choices with government involvement, so citizens generally have more property rights than in a command economy. Therefore, choice D is correct.

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