Question

Which events would be more common in a command economy than a market economy? Select all that apply

Answer 1

[AI-generated answer — Bot GPT 3.5]

- The government controlling the production and distribution of goods and services

- Price controls set by the government
- Limited consumer choice and competition
- State ownership of major industries and resources
- Central planning and decision-making by government authorities
- Redistribution of wealth and income through taxation and welfare programs