Command EconomiesOnline version Test your knowledge about command economies! by sarah ayyad 1 In a command economy, there is a high level of competition among businesses. Yes No 2 In a command economy, there is less emphasis on profit and competition. Yes No 3 Command economies often prioritize collective goals over individual preferences. Yes No 4 Command economies are characterized by government control over the allocation of resources. Yes No 5 In a command economy, prices are set by the government. Yes No 6 In a command economy, consumers have a wide variety of choices. Yes No 7 Command economies are based on the principles of capitalism. Yes No 8 In a command economy, the government determines what goods and services are produced and how they are distributed. Yes No 9 Command economies can be more stable during times of crisis. Yes No 10 In a command economy, the government has limited involvement in the economy. Yes No 11 Command economies are often associated with socialism or communism. Yes No 12 Command economies prioritize individual freedom and choice. Yes No 13 In a command economy, the government may own and operate major industries. Yes No 14 Command economies are more efficient than market economies. Yes No 15 Command economies promote innovation and entrepreneurship. Yes No 16 In a command economy, private ownership of businesses is encouraged. Yes No 17 In a command economy, the government may provide free or subsidized healthcare and education. Yes No 18 In a command economy, prices are determined by supply and demand. Yes No 19 Command economies can lead to a more equal distribution of wealth. Yes No 20 Command economies rely on market forces to allocate resources. Yes No
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