Allocated in market and centrally planned economies

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How are resources allocated in market and centrally planned economies?

A) Prices allocate resources in a market economy; central planners allocate resources in a centrally planned economy.

B) The supply of and demand for money determine the allocation of resources in a market economy; the people allocate resources themselves in a centrally planned economy.

C) Corporations determine the allocation of resources in a market economy; central planners allocate resources in a centrally planned economy.

D) Voters determine the allocation of resources in a market economy; central planners allocate resources in a centrally planned economy

Reference no: EM13986383

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