Chapter 8 Building Blocks in Economics the Problem of Choice - Part 3

What is central planning?

Type: MCQ • Marks: 1
What is central planning?
Options
A. Decisions made by foreign governments
B. Decisions made only by individual consumers
C. Decisions made randomly
D. Coordinated economic decision-making by a central authority
Explanation
Explanation: Central planning gives an authority a substantial role in determining economic priorities.
Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now
Class 9th Understanding Society India and Beyond, Part I

Practice more

This page is indexed for search so students can find questions directly from Google.

Purchase Full Access View full Test Series Browse Test Series
Login / Register
Chat on WhatsApp Go Back Top