The fictional country of lavoria recently passed legislation outlawing the sale of gasoline at a price higher than $5.00 per gallon. such an action is an example of an action that would be most associated with which economic system?

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Business

Bruce Knight

25 January, 07:11

The fictional country of lavoria recently passed legislation outlawing the sale of gasoline at a price higher than $5.00 per gallon. such an action is an example of an action that would be most associated with which economic system?

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Trey Moses · Answer 1

In this case, the government and not the free market is what is deciding the cost of the gasoline per gallon. This is an example of a command economy which is characteristic of communist countries.