Questions: 1.2.2 Quiz: Types of Economic Systems Question 5 of 10 Which factor plays the biggest role in motivating economic decisions in a command economy? A. An interest in promoting the common good B. A belief in the power of international cooperation C. A commitment to a traditional way of living D. A desire to maximize individual profits

1.2.2 Quiz: Types of Economic Systems

Question 5 of 10
Which factor plays the biggest role in motivating economic decisions in a command economy?
A. An interest in promoting the common good
B. A belief in the power of international cooperation
C. A commitment to a traditional way of living
D. A desire to maximize individual profits
Transcript text: 1.2.2 Quiz: Types of Economic Systems Question 5 of 10 Which factor plays the biggest role in motivating economic decisions in a command economy? A. An interest in promoting the common good B. A belief in the power of international cooperation C. A commitment to a traditional way of living D. A desire to maximize individual profits
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Solution

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Answer

The answer is A. An interest in promoting the common good

Explanation
Option 1: An interest in promoting the common good

In a command economy, the government or central authority makes all economic decisions with the primary goal of promoting the common good. This system aims to allocate resources and distribute goods and services in a way that benefits society as a whole, rather than focusing on individual profit.

Option 2: A belief in the power of international cooperation

While international cooperation can be a factor in economic decisions, it is not the primary motivator in a command economy. The central authority's focus is more on internal resource allocation and societal welfare.

Option 3: A commitment to a traditional way of living

A commitment to traditional ways of living is more characteristic of a traditional economy, where customs and traditions guide economic decisions. This is not the main driver in a command economy.

Option 4: A desire to maximize individual profits

Maximizing individual profits is a key motivator in a market economy, where individuals and businesses make decisions based on profit incentives. This is contrary to the principles of a command economy, which prioritizes the common good over individual profit.

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