answer both.
Question 1 How is the allocation of goods and services production determined in a command economy?(1 point) Responses Businesses decide what to produce on the basis of market conditions. Businesses decide what to produce on the basis of market conditions. Consumers decide through their behavior in the marketplace. Consumers decide through their behavior in the marketplace. Central government planning decides what will be produced. Central government planning decides what will be produced. Supply and demand control production and price. Supply and demand control production and price. Question 2 Analyze the chart. Which statement best describes a comparison between East Asian economic systems? (1 point) Responses China's economy is purely market based and Japan's economy is purely command. China's economy is purely market based and Japan's economy is purely command. China's economy is purely command, and Japan's is purely market. China's economy is purely command, and Japan's is purely market. Taiwan's economy is less market based than that of North Korea Taiwan's economy is less market based than that of North Korea North Korea has a more purely command economic system than China. North Korea has a more purely command economic system than China. Skip to navigation
1. The correct answer is: Central government planning decides what will be produced.
2. The correct answer is: North Korea has a more purely command economic system than China.
Question 1: In a command economy, the allocation of goods and services production is determined by central government planning. The answer is: Central government planning decides what will be produced.
Question 2: Analyzing the chart, it can be observed that China's economy is more command-based, while Japan's economy is more market-based. The answer is: China's economy is purely command, and Japan's is purely market.
Question 1: How is the allocation of goods and services production determined in a command economy?
In a command economy, the allocation of goods and services production is determined by central government planning. The government decides what will be produced, how much will be produced, and who will receive the goods and services. This means that businesses do not have the freedom to decide what to produce based on market conditions, and consumers do not have the power to influence production through their behavior in the marketplace. Instead, the government controls and directs the production and distribution of goods and services.
Question 2: Analyze the chart. Which statement best describes a comparison between East Asian economic systems?
To analyze the chart and determine the best statement describing a comparison between East Asian economic systems, we need to carefully examine the information provided.
Unfortunately, as an AI text-based bot, I am unable to directly analyze visual charts or images. However, I can assist you in interpreting the information you have and guide you towards finding the answer.
Please provide the specific details or information from the chart, and I'll be happy to help you analyze it and find the most suitable statement.