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How does a socialist government with a command economy manage its economy? 
 
(i) The government lets producers set wages for workers. 
(ii) The government owns all homes and other forms of housing. 
(iii) The government allows consumers to make their own choices. 
(iv) The government controls factories and other forms of production. 

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Collen Von
Collen VonLv2
28 Jan 2020
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Related questions

How does the government of a republic typically shape its economy?

A) The government allows citizens to own private businesses.

B) The government blocks the ownership of personal property.

C) The government owns all homes and other forms of housing.

D) The government controls factories and other forms of production.

Which statements describe a free enterprise system? Check all that apply.
 
(i) Citizens can own property.
(ii) The government employs all workers.
(iii) Supply and demand drive production.
(iv) Consumers and producers make their own decisions.
(v) Citizens can accumulate wealth.
(vi) The government sets prices and wages.
How does a command economy differ from a mixed market economy?
 
(i) In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
(ii) In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
(iii) In a command economy, citizens own all public property. In a mixed market economy, the government owns all public property.
(iv) In a command economy, citizens own all private property. In a mixed market economy, the government owns all private property.

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