This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.
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D) the central government
The choice of what to produce in a command economy is determined by the central government. In a command economy, also known as a planned economy, the government or a central authority makes all major decisions regarding the production and distribution of goods and services.
The correct option is D.
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The choice of what to produce in a command economy is determined by the central government.
This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.