Question

The government of Semput plans the goods and services that Semput produces, the quantity of goods produced, and the prices at which goods are sold. Semput is a ______ economy.A) theocratic.B) plural.C) command.D) mixed.E) market.

Answer 1

Answer:

The correct answer is (C)

Explanation:

Command economy is a type of economy in which the government has total control over the market. This type of government structure does not believe in a free-market economy and the government is solely responsible to produce goods and services. In that regard, Semput is controlled by the government and that makes Semput a command economy.