Which of the following is a feature of a command system?heavy reliance on marketsprivate ownership of all capitaldivision of output between capital and consumer goods is centrally decidedprivate ownership of resourcesBecause economic generalizations are simplifications from reality, they are impractical and useless. truefalseWhich of the following is an example of a private good?Macy's Thanksgiving Day parade in NYCsunglassescity fire departmentborder patrolThe French term "laissez-faire" meansthere is no free lunch.let it be.circular flow.public ownership.

A feature of a command system is the division of output between capital and consumer goods is centrally decided. In a command economy, the government or a central authority makes all decisions about the production and distribution of goods and services.

False. Economic generalizations, while simplified, are not impractical or useless. They are used to help understand and predict broad trends in the economy.

An example of a private good is sunglasses. Private goods are products that are excludable and rival. Excludable means that people can be prevented from using them, and rival means that one person's use of the good reduces its availability to others. Sunglasses fit this definition because they are bought and used by individuals, and one person using a pair of sunglasses means there is one less pair available for others.

The French term "laissez-faire" means "let it be." This is a policy or attitude of letting things take their own course, without interfering. In economics, it refers to an environment in which transactions between private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies.