Question

In a command system: a. Resources are directed and production is coordinated by the government b. Consumption and production possibilities are restricted by religious authorities c. Households and firms make all economic decisions with minimal government regulation d. Some markets are regulated, while others are unregulated

Answer 1

Resources are directed and production is coordinated by the government

Step-by-step explanation:

In a command economy, the government owns the means of production and makes decisions on what is produced.

Examples of countries that practice a command economy are China, Cuba and Belarus.

In a market economy, Households and firms make all economic decisions with minimal government regulation.

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