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Which of the following is a true statement about a command-based economic system: a. a command-based economic system is characterized by centralized decision-making. b. command-based economic system

Which of the following is a true statement about a command-based economic system:

a. a command-based economic system is characterized by centralized decision-making.

b. command-based economic systems are characterized by private property rights.

c. the government in a command-based economic system is only responsible for addressing market failures and enforcing contracts.

d. markets in a command-based economic system are responsible for making production decisions.

Apr 15 2021 View more View Less

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