Question

MP Macroeconomics (ECO-201-20105) rses 19WNCMP ECO-201-20105 / Week 1 Week 1 Quiz This type of economy in indicative by the way the government decides what goods and services will be produced and what prices be charged for them. Economic effort is devoted to goals passed down from a ruler or ruling class. will Select one: O a. Traditional economy O b. Command economy C. Market economy d. Private economy O Next page 1 Problem Set Jump to... Law of Demand - Khan Academy video -

Answer 1

Answer- B Command economy.

Reason- A command economy is a system where the government determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale.