Which situation is more likely to occur in a market economy than a command economy?
People line up for cheap but scarce products.
A student is guaranteed a job out of college.
An inventor designs and produces a new type of car.
A committee chooses which farms should receive new tractors. ***
Wow, awfully rude for a tutor, Ms. Sue.
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i dislike sue now
The situation that is more likely to occur in a market economy than a command economy is when an inventor designs and produces a new type of car.
In a market economy, individuals and private businesses have freedom and flexibility to innovate, develop new products, and bring them to market. This means that inventors and entrepreneurs have the opportunity to create and produce new products like cars. They can then enter the market, compete with other businesses, and potentially succeed if their product satisfies consumer demands.
To get this answer, we need to understand the basic differences between a market economy and a command economy. In a market economy, decisions about production, consumption, and resource allocation are mainly driven by the interactions of individuals and businesses in the marketplace. On the other hand, in a command economy, the government or a central authority makes most of the decisions regarding production, distribution, and resource allocation.
Given this understanding, we can analyze the options provided:
1. People line up for cheap but scarce products: This situation could occur in both market and command economies, depending on various factors such as supply and demand dynamics, pricing mechanisms, and government interventions. It is not a characteristic exclusive to a market economy.
2. A student is guaranteed a job out of college: This situation is more likely to occur in a command economy where the government directs job placements and guarantees employment for certain individuals. In a market economy, employment outcomes are determined by factors such as individual skills, qualifications, labor market conditions, and the demand for specific jobs.
3. An inventor designs and produces a new type of car: This situation is more likely to occur in a market economy. In a market economy, inventors have the freedom to develop new products and bring them to the market. They can seek investment, establish their own businesses, and compete with other companies in producing and selling their innovations.
4. A committee chooses which farms should receive new tractors: This situation is more likely to occur in a command economy. In a command economy, the government or a central authority decides how resources, such as tractors, are allocated and distributed. Committees or central planning bodies are responsible for making such decisions, which limits the individual freedom and autonomy that market economies allow.
Therefore, the situation where an inventor designs and produces a new type of car is more likely to occur in a market economy than a command economy.