Types of Economic Planning - SS3 Economics Past Questions & Answers - page 1

1

Which type of economic planning is associated with communist and socialist countries?

A

Centralized planning

 

B

Decentralized planning

CORRECT OPTION: a
2

In which type of economic planning is the economy managed through the actions of individual producers and consumers?

A

Centralized planning

 

B

Decentralized planning

CORRECT OPTION: b
3

Which type of economic planning involves the government controlling and managing the entire economy?

A

Centralized planning

 

B

Decentralized planning

CORRECT OPTION: a
4

In practice, most countries use a mix of which two types of economic planning?

A

Centralized and democratic planning

B

Centralized and decentralized planning

 

C

Democratic and decentralized planning

CORRECT OPTION: b
5

Which type of economic planning involves the government providing basic regulations and infrastructure to facilitate economic activities?

A

Centralized planning

 

B

Decentralized planning

CORRECT OPTION: b
6

What are the two main types of economic planning?

The two main types of economic planning are centralized planning and decentralized planning.

7

Which type of economic planning is often associated with communist and socialist countries? 

Centralized planning is often associated with communist and socialist countries.

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