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In a planned economy, what shall be produced is determined primarily by?

Economics
JAMB 1999
In a planned economy, what shall be produced is determined primarily by?
  • A. what the consumer wants
  • B. government decisions
  • C. price mechanism
  • D. the pattern of consumer spending
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Correct Answer: Option B
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now