Question: When a command economy is utilized to resolve economic questions regarding the allocation of resources, which of the following consequences results? a. Everyone will receive

When a command economy is utilized to resolve economic questions regarding the allocation of resources, which of the following consequences results?

a. Everyone will receive an equal share of the output produced.b. The preferences of individuals are of no importance.c. Economic efficiency will be assured.

d. The role of markets will be replaced by political decision making.

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2. It is the results achieved that are important.

3. What is the difference between perception and assessment of a particular everyday situation? Give at least three examples.

7. One or other combination of 16.