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An economic system where the central planning authority determines what goods to produce and in...

Economics
WAEC 2009
An economic system where the central planning authority determines what goods to produce and in what quantity is known as
  • A. market economy
  • B. socialist economy
  • C. welfare economy
  • D. Traditional economy
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts