In a pure command economy, the goods and services that a country produ

QUESTION

In a pure command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all dictated by the interaction of demand and supply.

Indicate whether the statement is true or false.

ANSWER

FALSE
In a pure command economy, the goods and services that a country produces, the quantity in which they are produced, and the prices at which they are sold are all planned by the government.