How are resources allocated in market and centrally planned economies?
A) Prices allocate resources in a market economy; central planners allocate resources in a centrally planned economy.
B) The supply of and demand for money determine the allocation of resources in a market economy; the people allocate resources themselves in a centrally planned economy.
C) Corporations determine the allocation of resources in a market economy; central planners allocate resources in a centrally planned economy.
D) Voters determine the allocation of resources in a market economy; central planners allocate resources in a centrally planned economy