Imagine an image with various symbolic representations of economic theories and concepts. On one side, visualize a set of scales signifying fairness and affordability, we could also see symbolic icons of goods to depict the concept of allocation by need. On the other side, represent command and market economies using symbolic images of packed vs. sparse lines of diverse people, respectively signifying less and more availability of goods. Also, envision new technology and education symbols illustrating the development of new businesses and job struggle for young graduates. On top, visualize hands symbolizing the production and reception of goods. Lastly, at the bottom corner, depict a helium balloon floating upwards into the sky.

1. What is allocation by need? (1 point)

pricing goods based on want rather than need
giving or selling goods only to people who most need them
giving or selling goods to whoever will stand in line the longest
pricing goods so that even the most vulnerable members of society can afford them
2. Which events would be more common in a command economy than a market economy? Select
all that apply.
(2 points)
People with lower incomes have the same goods as people with higher incomes.
People wait in long lines for cheap goods.
New businesses are started to fill society’s unmet needs.
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.
Companies develop new and useful technologies.
3. Which of the following are the basic economic questions? Select all that apply. (3 points)
Where should goods be produced?
How should goods be produced?
What goods are produced?
Which resources can be used for goods?
Who receives the produced goods?
Why will people buy the goods?
Helium is most known for its uses in floating balloons, but it has many scientific
applications, such as preparing NASA rockets, testing aircraft in wind tunnels, and lifting
weather monitoring equipment into the upper atmosphere. However, once released into the
atmosphere, helium cannot be recovered.
Use the passage to answer the question.
4. How might a weather scientist feel about the market for helium­filled balloons? (1 point)
Those that make helium­filled balloons educate the public about the uses of helium.
Helium­filled balloons consume a resource that could be better used.
Helium­filled balloons increase the profits of helium­holding organizations.
Helium­filled balloons create a motivation for mining companies to find helium pockets.

1.b

2.a,b
3.b,c,e
4. b
use these to check your work. these are the correct answers.

A is correct

1.b
2.a,b
3.b,c,e
4. b

Yes, user "A" is 100% correct.

1.b
2.a,b
3.b,c,e
4. b

"A" is correct.

Im dumb im probably wrong

i didn´t guess

1. Giving or selling goods only to people who most need them.

2. People with lower incomes have the same goods as people with higher incomes, people wait in long lines for cheap goods.
3. How should goods be produced? Who receives the produced goods? What goods are produced?
4. Helium-filled balloons consume a resource that could be better used.

yep "A" and "name" are correct! But I think "A" mixed up the first and second questions. The answers are:

1. A, B
2. B
3. B, C, E
4. B
Hope This Helps! If you get 100%, press the thumbs up button. If you don't press the thumbs down button.

this is what I have somehow

1:B
2:A
3:B,C,E
4:B
hope I'm right!

does anyone have the answers or which ones i got wrong