Which statement reflects an accurate argument in favor of a command economy? A) It ensures an increase in aggregate wealth.

B) It maximizes the potential of a business cycle.

C) It serves individual needs through profit motive.

D) It ensures continuous use of all available resources.

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Alonso Luna

10 July, 06:28

Which statement reflects an accurate argument in favor of a command economy? A) It ensures an increase in aggregate wealth.

B) It maximizes the potential of a business cycle.

C) It serves individual needs through profit motive.

D) It ensures continuous use of all available resources.

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Answers (2)

Know the Answer?

Doctor · Answer 1

The answer to this question is D) It ensures continuous use of all available resources. This is because the government controls this economy.

Villanueva · Answer 2

D) It ensures continuous use of all available resources.

Explanation:

The command or centralized economy is one in which the factors of production are in the hands of the State. Therefore, the market loses its raison d'être as a mechanism for consigning resources. These manipulations are carried out through economic plans for several years (five-year plans), which specify in detail the supply, production methods, wages, investment in infrastructure.

Which statement reflects an accurate argument in favor of a command economy? A) It ensures an increase in aggregate wealth.B) It maximizes the potential of a business cycle.C) It serves individual needs through profit motive.D) It ensures continuous use of all available resources.

Which statement reflects an accurate argument in favor of a command economy? A) It ensures an increase in aggregate wealth.

B) It maximizes the potential of a business cycle.

C) It serves individual needs through profit motive.

D) It ensures continuous use of all available resources.