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Posted Date: 15 Dec 2010      Posted By:: Naveen M    Member Level: Gold    Points: 3
Category: World Economy

Which statement best describes how a command economy functioned in the Soviet Union?

Select Answer:

The laws of supply and demand controlled the economy.
Trade policies mandated that imports exceed exports.
The success of the agricultural sector controlled the price of manufactured goods.
A central authority determined the type and quantity of goods to be produced.

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