1. The economic system in which all of the basic decisions are made through a centralized authority,...

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1. The economic system in which all of the basic decisions are made through a centralized authority, such as a government agency, is termed a

a. market economy.

b. capitalistic economy.

c. command economy.

d. traditional economy.

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Economics For Today

ISBN: 9781594632914

6th Edition

Authors: Irvin B. Tucker

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