PRC-3 · Chapter 9 · Question 35 of 45
In a purely Command Economy, the fundamental economic questions of 'what to produce', 'how to produce', and 'for whom to produce' are solved exclusively by:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) A central government planning authority
Explanation
In a command (or planned) economy, the state or central authority makes all significant decisions regarding resource allocation and production.
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