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Question

Which of the following countries is an example of a command economy: A. Venezuela B. Cuba C. The Soviet Union D. All of these are command economies

Answer

All of these are command economies.

  • Q: What is a command economy? A: A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale.
  • Q: Which country has a government that determines the production and prices? A: All of the countries listed (Venezuela, Cuba, and the Soviet Union) have command economies.