A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2022 · Q21 Mark
In a planned economy, what will determine the allocation of scarce resources?
Amixture of private and central decision making
Bthe decisions of central government
Cthe forces of demand and supply
Dthe revenue generated from direct and indirect taxes
✓ Correct answer
B: the decisions of central government
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