700
QuizMultiple Choice

Modeling with Rational Functions — Unit test

Question 700 • [INMT3] Integrated Math 3 Sem 1 (26-27)

An economy where the government sets prices, determines what and how many items will be produced, and assigns jobs to all citizens is called a __________ economy.

Answer
A
command
B
traditional
C
barter
D
market

Explanation

In a command economy, the government makes the major economic decisions, including setting prices and deciding what and how much to produce. It may also assign people to jobs. Therefore, the correct choice is A, command.

AI-written and checked against the verified answer.

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