A government in a command economy is trying to balance rapid industrial development with the equitable distribution of resources among its citizens. Which strategy best applies command economic principles to achieve both objectives?

Question

Answer

Open the economy to free-market competition by eliminating production quotas.

Answer

Focus solely on industrial growth by directing all resources to manufacturing sectors.

Answer

Implement targeted production quotas for key industries while providing subsidies for essential consumer goods.

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Allow local governments to set their priorities for industrial growth independently of national objectives.

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A government in a command economy is trying to balance rapid industrial developm...

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