Which of the following statements regarding command economies is FALSE?

a. Central planners decide what is produced.

b. Self-interest influences the decisions made about production.

c. The government owns the factors of production.

d. Consumer goods are in short supply.

Question

Geography

Savion Lam

2 June, 00:13

Which of the following statements regarding command economies is FALSE?

a. Central planners decide what is produced.

b. Self-interest influences the decisions made about production.

c. The government owns the factors of production.

d. Consumer goods are in short supply.

+2

Answers (1)

Know the Answer?

Abel Herring · Answer 1

b. Self-interest influences the decisions made about production.

Explanation:

b. exists in a capitalist market because in self-interest the businesses want to make money so they think of themselves firstly.

Which of the following statements regarding command economies is FALSE?a. Central planners decide what is produced.b. Self-interest influences the decisions made about production.c. The government owns the factors of production.d. Consumer goods are in short supply.

Which of the following statements regarding command economies is FALSE?

a. Central planners decide what is produced.

b. Self-interest influences the decisions made about production.

c. The government owns the factors of production.

d. Consumer goods are in short supply.