The creation of Israel did not occur in 1947.
The creation of Israel occurred in 1948. As such, the correct answer to the question is the creation of Israel.
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A centrally planned economy opposes individual choice in comparison to a market economy.
In a centrally planned economy, a government entity decides how resources within a society will be distributed. For example, in a perfect centrally planned society, all families with 4 members in the household would receive the exact same products.
However, in a market economy, individuals make decisions for themselves regarding what resources they want/need to purchase. This market economy is based more on the capital (money) that individuals possess.
In general, this statement is true in the sense that Truman was a pragmatic leader. He of course came into office because of FDR's death, so he had great shoes to fill. Yet he did so with great poise.
The answer to this question is b