Economics MCQS

821. How does a command economy address the issue of innovation and technological advancement?
A) By promoting innovation through competition.
B) By directing resources toward technological development based on central planning.
C) By limiting technological progress.
D) By ignoring innovation.


822. How does a command economy address the issue of unemployment?
A) By leaving unemployment to market forces.
B) By providing guaranteed employment through central planning.
C) By promoting permanent unemployment.
D) By relying on private businesses to address unemployment.


823. In a command economy, what is the government’s role in providing public goods and services?
A) The government plays a central role in providing public goods and services.
B) Public goods and services are solely provided by private individuals.
C) Public goods and services are determined by market forces.
D) The government has no role in providing public goods.


824. How does a command economy respond to economic crises and recessions?
A) By implementing market-oriented policies.
B) By adjusting production targets and resources based on central planning to address economic challenges.
C) By ignoring economic crises.
D) By relying on private individuals to address economic fluctuations.


825. How does a command economy impact individual freedoms?
A) It promotes complete individual freedoms.
B) It may limit individual freedoms, especially in economic decision-making.
C) It has no impact on individual freedoms.
D) It eliminates individual freedoms.


826. What is the impact of a command economy on entrepreneurship?
A) A command economy encourages entrepreneurship.
B) A command economy may limit entrepreneurship due to state control and central planning.
C) A command economy relies solely on government entrepreneurship.
D) A command economy has no impact on entrepreneurship.


827. How does a command economy address the issue of poverty?
A) By promoting poverty.
B) By implementing state-directed policies to alleviate poverty.
C) By ignoring poverty.
D) By relying on private individuals to address poverty.


828. What is the primary advantage of a command economy?
A) It allows for a central and coordinated approach to resource allocation and economic planning.
B) It promotes individual freedoms.
C) It encourages competition and innovation.
D) It relies solely on market forces.


829. How does a command economy balance economic growth and environmental sustainability?
A) By prioritizing economic growth over environmental sustainability.
B) By implementing central planning that considers both economic growth and environmental conservation.
C) By ignoring environmental concerns.
D) By relying on private individuals to address environmental sustainability.


830. How does a command economy address the provision of public education and healthcare?
A) The government plays a significant role in providing public education and healthcare services.
B) Public education and healthcare are solely the responsibility of private individuals.
C) Public education and healthcare are determined by market forces.
D) The government has no role in providing public education and healthcare.


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