Post Utme Caleb University 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2021 Economics Objective / Multiple Choice

Question 36 POST_UTME_CALEB_UNIVERSITY • 2021 • ECONOMICS • objective

The concept of economic planning and development implies that the government plays a crucial role in guiding the economy towards sustainable development. Which of the following is a characteristic of a planned economy?

Answer Options

A. The government plays a minimal role in guiding the economy.

Correct Answer B. The government plays a crucial role in guiding the economy.

C. The economy is characterized by a high level of government intervention.

D. The economy is characterized by a low level of government intervention.

Correct Answer

Correct Option:

The government plays a crucial role in guiding the economy.

About This Question

This is Post Utme Caleb University 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Caleb University Economics examination.

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