Question

In many high schools student lockers in prime locations are a highly sought after commodity. If the administration assigns those lockers alphabetically and doesn't allow students to switch lockers with their friends, the allocation system for lockers could be similar to what type of economic system?A. traditional economy B. command economyC. parliamentary economy D. market economy E. representative economy

Answer 1

The allocation system for lockers could be similar to command economy system.

Explanation:

A command economy happens when the government regulates all major features of the economy and economic production. In more forceful command economies, government administrators also command public expenses acknowledged by the free market. In command economies, governments will have some or all of the industries generating goods and services.  

In a command economy, the government will have over-riding macroeconomic purposes such as employment rates and what to produce. Government agencies may also fix prices or give buyers rations instantly. Command economies can restrict the misuse of monopoly power and can prevent mass lay-off.

Here school administration is related to the government authorities in the command economy system.