A basic characteristic of a command system is that:
A. government planners play a limited role in deciding what goods will be produced.
B. wages paid to labor are higher.
C. government owns most economic resources.
D. markets function mostly free from government intervention.
Answer: C
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What will be an ideal response?
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A) prices, rules, and payoffs B) rules, markets, and prices C) rules, strategies, and payoffs D) rules, strategies, and costs E) equilibrium, prices, and quantities
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a. True b. False Indicate whether the statement is true or false