Question

Select all items that describe command economies.

A.) inefficient
B.) limited selection
C.) shortage of goods
D.) high standards of living

Answer 1

Inefficient and limited selections are the items that describe command economies.

A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale. The command economy is a key feature of any communist society.

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