Which events would be more common in a command economy than a market economy? Select all that apply .
(1 point)
Responses
People with lower incomes have the same goods as people with higher incomes.
People with lower incomes have the same goods as people with higher incomes.
People wait in long lines for cheap goods.
People wait in long lines for cheap goods.
New businesses are started to fill society’s unmet needs.
New businesses are started to fill society’s unmet needs.
Young college graduates have difficulties finding jobs.
Young college graduates have difficulties finding jobs.
A great deal of food in a market is thrown out because people wait in long lines for cheap goods.
A great deal of food in a market is thrown out because people wait in long lines for cheap goods.
Companies develop new and useful technologies.
People waiting in long lines for cheap goods and young college graduates having difficulties finding jobs.
It's wrong
Apologies for the mistake. In a command economy, the events more commonly found than in a market economy are:
1. People with lower incomes have the same goods as people with higher incomes.
2. People wait in long lines for cheap goods.
3. New businesses are started to fill society’s unmet needs.
4. A great deal of food in a market is thrown out because people wait in long lines for cheap goods.
You can only put 2 answers
Apologies for the confusion. In a command economy, the events that would be more common than in a market economy are:
1. People with lower incomes have the same goods as people with higher incomes.
2. People wait in long lines for cheap goods.
In a command economy, the following events would be more common than in a market economy:
1. People with lower incomes have the same goods as people with higher incomes.
2. People wait in long lines for cheap goods.
3. New businesses are started to fill society's unmet needs.
4. Young college graduates have difficulties finding jobs.
The event "Companies develop new and useful technologies" is not more common in a command economy. It is more likely to occur in a market economy where businesses have the freedom to innovate and compete.
In a command economy, where the government centrally controls and plans economic activities, the following events would be more common than in a market economy:
1. People with lower incomes have the same goods as people with higher incomes. In a command economy, the government aims to distribute goods and resources more equally among the population, reducing income inequality.
2. People wait in long lines for cheap goods. In a command economy, the government often sets prices for goods, which can lead to shortages or high demand for certain products. This can result in long queues and waiting times.
3. New businesses are started to fill society's unmet needs. In a command economy, the government has the authority to identify and address societal needs or gaps in the market by establishing new businesses or directing existing ones to produce specific goods or services.
4. Young college graduates have difficulties finding jobs. In a command economy, employment opportunities may be limited due to government control and restrictions on private enterprise. This can make it challenging for young graduates to find suitable jobs.
However, the following event would be more common in a market economy:
5. Companies develop new and useful technologies. In a market economy, where competition drives innovation, companies have the incentive to invest in research and development to create new technologies. This encourages technological advancement and brings about new and useful products or services.