Knowee
Questions
Features
Study Tools

Government’s primary role in a central planning economy is the maintenance of law and order.A. TrueB. False

Question

Government’s primary role in a central planning economy is the maintenance of law and order.

  • A. True
  • B. False
🧐 Not the exact question you are looking for?Go ask a question

Solution

Analyzing the Statement

  1. Understanding Central Planning Economy: In a centrally planned economy, the government typically has significant control over economic activities, including production, distribution, and prices of goods and services.

  2. Role of Government: The primary role of the government in such an economy goes beyond just maintaining law and order; it involves making economic decisions that affect the entire economy, regulating industries, and ensuring the equitable distribution of resources.

  3. Interpreting the Statement: The statement claims that the government's primary role is limited to maintenance of law and order, which is more characteristic of a market economy than a centrally planned one.

Conclusion

Given that the government's role in a central planning economy encompasses more than just maintaining law and order, the correct answer is:

B. False.

This problem has been solved

Similar Questions

Which of the following is NOT an important component of planning ahead?

Planning is an indispensable function of management, regardless of the organizational level. true or false?

Discuss the various ways in which political decisions determine economic conditions of any government

An economy based on total government control over economic decisions is a _____.A.traditional economyB.command economyC.market economyD.mixed economy

For markets to work well, there must beQuestion 14Answera.property rights.b.a central planner.c.abundant, not scarce, resources.d.market power.

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.