In a planned or command economy, all the economics decisions are taken by the ?

Related Mcqs:

The total demand for goods and services in an economy is known as_____________?

A. gross national product. B. national demand. C. economy-wide demand D. aggregate demand...

The circular flow of goods and incomes shows the relationship between?

A. Wages and salaries. B. income and money C. goods and services. firms and households...

The retail price index is used to__________________?

A. construct price lists B. compare shop prices C. measure changes in the cost of living D. None of the above...

A student chooses to study because the marginal benefit is greater than the ______________ cost?

A. average B. expected C. total D. marginal...

In the mixed economy________________?

A. economics problems are solved by the government and market B. economic decisions are made by the private sector and free market C. economic allocation is achieved by the invisible hand D. economics s is solved by government departments...