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Economic Concepts Quiz

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Questions and Answers

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?

Automobiles (correct)

Food

Textiles

Electronics

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

Economic Concepts Quiz

Choose a study mode

Podcast

Questions and Answers

What economic system is being described in the text?

What did the state planners in Country A decide to produce?

What did the state planners do after making their decision?

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