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Questions and Answers
What economic system is being described in the text?
What economic system is being described in the text?
- Free market
- Traditional market
- Mixed market
- Command market (correct)
What did the state planners in Country A decide to produce?
What did the state planners in Country A decide to produce?
- Automobiles (correct)
- Food
- Textiles
- Electronics
What did the state planners do after making their decision?
What did the state planners do after making their decision?
- They left it up to the factories to decide how much to produce
- They closed down all the factories
- They allocated resources to factories to produce automobiles (correct)
- They decided to produce all consumer goods
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