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- Subject
- World Economy (Miscellaneous)economics-mcqs › world-economy-miscellaneous
- Published
- 3 Jun 2019
- Last updated
- 28 May 2026
Which option best explains how the Soviet Union's command economy operated?
Multiple choice question for World Economy (Miscellaneous). Select an option, then review the explanation below.
Explanation
In the Soviet Union's command economy, a centralized government agency controlled production decisions, including the types and quantities of goods, rather than relying on market forces or trade balances.
More World Economy (Miscellaneous) MCQs
Practice related questions from the same subject.
- 1.Which nation possesses the greatest amount of natural gas reserves globally?
- 2.To protect its economy, Japan has frequently restricted the volume of cars and agricultural goods imported from the United States. What is the primary goal behind these restrictions?
- 3.According to mercantilist theory, what role should colonies primarily serve?
- 4.What was a direct outcome of the economic reforms in China during the 1980s and 1990s under Deng Xiaoping's leadership?
- 5.What is the primary reason that cash-crop farming remains a dominant agricultural practice in many Central American countries today?