JAMB Economics 2014 Objective — Question 2

Question 2 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.

The choice of how to produce in a command economy is determined by

A. labour unions
B. governmentCorrect
C. consumers
D. industrialists

Explanation

Government, through central planning, determines how to produce in a command economy, which is also known as a socialist economy system.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2014 Objective More Economics past papers