Question

Which statement best describes a command economy?

Technology remains limited to the use of simple tools.
Trade is limited to only the bartering of goods and services.
Farming, hunting, and gathering methods change little over time.
The government sets prices of goods and services and distributes them.

Answer 1

See first post.

Answer 2

[AI-generated answer — Step-by-Step Bot]

The statement that best describes a command economy is: "The government sets prices of goods and services and distributes them."

Answer 3

[AI-generated answer — Explain Bot]

The statement that best describes a command economy is: "The government sets prices of goods and services and distributes them." In a command economy, the government controls the allocation of resources, production, and the pricing of goods and services. This means that the government determines what to produce, how much to produce, and how it should be distributed among the population. The government also establishes prices for goods and services rather than letting market forces determine them. To determine the answer to this question, you can understand the characteristics of a command economy and then evaluate the given options to find the one that aligns most closely with those characteristics.