5. Which of the following statements is true about a command economy? a. Shortages occur because of...

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5. Which of the following statements is true about a command economy?

a. Shortages occur because of complexities in the planning process.

b. Planners determine what, how many, and for whom goods and services are to be produced.

c. Planners often allocate goods and services through a rationing system.

d. The quality of produced goods and services tends to be inferior.

e. All of the above are true.

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Economics For Today

ISBN: 9781594632914

6th Edition

Authors: Irvin B. Tucker

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