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28 April, 14:04

Which of the following statements regarding command economies is FALSE?

a. Central planners decide what is produced.

b. Self-interest influences the decisions made about production.

c. The government owns the factors of production.

d. Consumer goods are in short supply.

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Answers (1)
  1. 28 April, 14:17
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    b. Self-interest influences the decisions made about production.

    Explanation:

    b. exists in a capitalist market because in self-interest the businesses want to make money so they think of themselves firstly.
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