Questions: In a planned economy, government determines the prices for goods and services. Select one: a. firms determine what goods to produce to maximize profits. b. allows consumers to influence prices based on demand behavior. c. what goods will be produced. d. firms determine how to produce goods and services.

The answer is c. what goods will be produced.

In a planned economy, the government typically decides what goods are produced, not the firms. Firms do not have the autonomy to determine what goods to produce to maximize profits, as the government controls production decisions.

In a planned economy, consumer demand does not directly influence prices. Prices are set by the government, not by market forces such as supply and demand.

This is correct. In a planned economy, the government decides what goods will be produced. The government plans and controls the economy, including production and distribution of goods.

In a planned economy, the government also often determines how goods and services are produced, including the allocation of resources and labor. Firms do not have the freedom to decide production methods independently.