Question

question 7
(02.06 lc)
an economy in which the state determines prices and allocates resources is known as

capitalism
free market
mixed economy
planned economy

question 8
(02.06 lc)
study the timeline showing key events from the labor movement during the second industrial revolution.

Explanation:

A planned economy (also known as a command economy) is an economic system where a centralized power, such as the government or state, makes all decisions regarding the production, pricing, and distribution of goods and services. This contrasts with market economies, where these decisions are guided by supply and demand.

Answer:

planned economy