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In a command economy, the three economic questions are answered by which of the following?
  • a)
    The production and consumption choices made by sellers and buyers in decentralized markets.
  • b)
    A cartel of major transnational corporations, government agencies, and consumer advocates.
  • c)
    A trilateral commission of major corporations, the military, and elite university professors.
  • d)
    A central authority such as a people's committee, a government agency, or a dictator. 
Correct answer is option 'D'. Can you explain this answer?
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In a command economy, the three economic questions are answered by which of the following?a)The production and consumption choices made by sellers and buyers in decentralized markets.b)A cartel of major transnational corporations, government agencies, and consumer advocates.c)A trilateral commission of major corporations, the military, and elite university professors.d)A central authority such as a peoples committee, a government agency, or a dictator.Correct answer is option 'D'. Can you explain this answer?
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In a command economy, the three economic questions are answered by which of the following?a)The production and consumption choices made by sellers and buyers in decentralized markets.b)A cartel of major transnational corporations, government agencies, and consumer advocates.c)A trilateral commission of major corporations, the military, and elite university professors.d)A central authority such as a peoples committee, a government agency, or a dictator.Correct answer is option 'D'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about In a command economy, the three economic questions are answered by which of the following?a)The production and consumption choices made by sellers and buyers in decentralized markets.b)A cartel of major transnational corporations, government agencies, and consumer advocates.c)A trilateral commission of major corporations, the military, and elite university professors.d)A central authority such as a peoples committee, a government agency, or a dictator.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a command economy, the three economic questions are answered by which of the following?a)The production and consumption choices made by sellers and buyers in decentralized markets.b)A cartel of major transnational corporations, government agencies, and consumer advocates.c)A trilateral commission of major corporations, the military, and elite university professors.d)A central authority such as a peoples committee, a government agency, or a dictator.Correct answer is option 'D'. Can you explain this answer?.
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