What Is One Way a Command Economy Affects The Lives Of Private Citizens?
Answer :
A. Citizens Must Pay For Their Own Health Care.
B. Citizens Have Limited Access To Education.
C. Citizens Cannot Make Most Economic Decisions.
D. Citizens Can Only Work In Factories Or On Farms.
Correct Answer: C. Citizens Cannot Make Most Economic Decisions.
A command economy is a system where the government controls all aspects of the production and distribution of goods. The government decides everything like what goods and services will be given, who will get them, and in what amounts. It is different from the market economy, where these decisions are made by individuals and businesses based on supply and demand. It means that citizens cannot make most economic decisions.
Related Question: Which Best describes What Injector Factors bring to an Economic System?
Unlock Full Answers Instantly !
Access detailed, expert solutions to all your questions with just one click. See the complete answers now !
Unlock NowAlready have an account ? Log in
Resolve all your doubts in One Place
We provide expert solutions to your questions. Search for your doubts here and resolve your queries smoothly.
ASK your questionRecently Added Questions
An Extended Recessionary Period is Indicative of?
A. A growing economy. B. The end of a recession. C. Depression. D. The start of a recovery. Correct Answer: C. Depression. An extended recession means that a country's economy is in trouble for a prolonged period. This includes economic crises, bank failures, business bankruptcies, and high ...
ViewWhich Best describes What Injector Factors bring to an Economic System?
A. Imports B. Consumers C. Factors of production D. Money Correct Answer: D. Money Explaination: The government finances several initiatives, including social security and farm subsidies, which infuse money into the economy. The economic system benefits from injector elements, including ...
ViewWhat Restriction Would the Government Impose in a Closed Economy?
A. The government would prohibit trade with other nations. B. The government would set the prices for imported goods. C. The government would preserve traditional customs only. D. The government would prevent private ownership of property. Correct Answer: A. The government would prohibit trade ...
ViewWhich of the Following Will be Accomplished by Efficient Allocations of the Factors of Production?
A. Ensuring economic profitability. B. Understanding whether a product will fail. C. Fulfilling many needs and wants of society. D. Replenishment of limited resources. Correct Answer: C. Fulfilling many needs and wants of society. When resources are used wisely, it helps society get what it ...
ViewFor Best Economics Assignment Help
- Zero Plagiarism
- 24*7 Live Support
- Unlimited Revisions
- Free Plagiarism Report
- Money-Back Guarantee
- No Privacy Infringement
To Make Your Work Original
Paraphrasing Tool
Easy to Use Paraphrasing Tool to Simplify Complex Academic Writing
Check Paraphrasing
Plagiarism Checker
Check your work against plagiarism & get a free Plagiarism report!
Check Plagiarism
Reference Generator
Get citations & references in your document in the desired style!
Generate References
Grammar Checker Tool
Make your content free of errors in just a few clicks for free!
Grammar Checker
Essay Typer
Generate plagiarism-free essays as per your topic's requirement!
Essay Typer- Dissertation Outline Generator
Get Structured Outline by Professionals for Your Dissertation
Check Dissertation - Thesis Statement Generator
Create the perfect thesis statement in just few minutes!
Generate Thesis - AI Essay Writer
Get a well-researched and quality essay effortlessly in a few seconds.
AI Essay Writer
Update your Number