ALL OF THE FOLLOWING ARE TRUE IN A COMMUNIST ECONOMY EXCEPTTHE MEA...

55. - TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
55. All of the following are true in a communist economy exceptthe means of production are owned by the government.the government chooses what will be produced.the government decides how the goods will be produced.supply is determined by central government planning.→ consumers have a wide choice of goods and services.Consumers have a limited choice in goods and services and prices are usually high. Accessibility: Keyboard NavigationBloom's: ComprehensionDifficulty: MediumLearning Objective: 01-03 Define economics and compare the Multiple Choice Question four types of economic systems.