When a command economy is utilized to resolve economic questions regarding the allocation of resources, then a.

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When a command economy is utilized to resolve economic questions regarding the allocation of resources, then

a. everyone will receive an equal share of the output produced.

b. the preferences of individuals are of no importance.

c. economic efficiency will be assured.

d. the role of markets will be replaced by political decision making.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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