Socialism is an example of a _________ economy where the __________ is/are at the center.

• A. mixed; private sector
• B. command; government
• C. traditional; customs
• D. market; consumers

Answer: (B)

Verified step by step guidance

1. Step 1: Understand the types of economic systems. The main types are traditional, market, command, and mixed economies.
2. Step 2: Recall that a command economy is characterized by central planning where the government makes most economic decisions.
3. Step 3: Recognize that socialism is typically associated with a command economy because the government controls resources and production.
4. Step 4: Identify that in a command economy, the government is at the center of economic decision-making, not the private sector, consumers, or customs.
5. Step 5: Therefore, the correct completion is: 'command; government' because socialism aligns with a command economy where the government is central.