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WAEC Economics 2025 Question 16

Question 16

Economic Systems

In a command economy, wages are determined by

  1. A.trade unions.
  2. B.the employers.
  3. C.forces of demand and supply.
  4. D.central planning committee.
Show the answer and explanation

Answer: D (central planning committee.)

Explanation

The state planners set wages in a command economy.