which events would be more common in the command economy than a market economy? Select all that apply.
A. People with lower incomes have the same goods as people with higher incomes.
B. People wait in long lines for cheep goods.
C. New businesses are starting to feel society's unmet needs.
D. Young college graduates have difficulties finding jobs.
E. A great deal of food in a market is thrown out because people wait in long lines for cheep goods.
F. Companies develop new and useful technologies.
To determine which events would be more common in a command economy compared to a market economy, let's analyze each option:
A. People with lower incomes have the same goods as people with higher incomes.
In a command economy, where the government controls the allocation and distribution of resources, there is a greater likelihood of ensuring equality in access to goods, including between people with lower and higher incomes. Therefore, this event would be more common in a command economy.
B. People wait in long lines for cheap goods.
In a command economy, where the government determines the production and distribution of goods, it is common to experience shortages and imbalances in supply and demand. Consequently, people may have to wait in long lines for goods. Therefore, this event would be more common in a command economy.
C. New businesses are starting to feel society's unmet needs.
In a market economy, where decisions about production and investment are primarily made by individuals and businesses, new businesses are more likely to emerge in response to unmet needs in society. This event would be more common in a market economy rather than a command economy.
D. Young college graduates have difficulties finding jobs.
In a command economy, where the government controls the job market and resource allocation, young college graduates may encounter difficulties finding jobs, as the government determines the priorities and direction of the economy. Therefore, this event would be more common in a command economy.
E. A great deal of food in a market is thrown out because people wait in long lines for cheap goods.
While long lines and scarcity may lead to inefficient distribution or food waste in a command economy, this event specifically refers to a market where people wait in long lines for cheap goods. The example provided doesn't explicitly relate to a command economy. Therefore, this event would be less likely to occur in a command economy.
F. Companies develop new and useful technologies.
In a market economy, where businesses have the autonomy to make decisions based on profitability and competition, companies are more incentivized to develop new and useful technologies to stay competitive and maximize profits. Therefore, this event would be more common in a market economy.
Based on the analysis, the events that would be more common in a command economy are:
A. People with lower incomes have the same goods as people with higher incomes.
B. People wait in long lines for cheap goods.
D. Young college graduates have difficulties finding jobs.
Therefore, the correct answers are A, B, and D.