A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · May/June 2010 · Q301 Mark
In a command economy, what is the basis for determining the allocation of factors of production?
Athe pattern of consumers' spending
Bthe perceived needs of the country
Cthe revenue from taxes
Dthe size of public sector companies
✓ Correct answer
B: the perceived needs of the country
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