Which events would be more common in a command economy than a market economy? Select all that apply.
(1 point) only 2 answers
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.
I apologize for the confusion. The two answers that would be more common in a command economy than 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.
People wait in long lines for cheap goods.
there's suppose to be 2 answers i think
In a command economy, where the government controls the allocation of resources and sets production quotas, the following events would be more common than in a market economy:
1) People wait in long lines for cheap goods: In a command economy, the government determines the quantity and price of goods. To ensure affordability, the government may set prices low, which can lead to a high demand for those goods and long lines forming.
2) Young college graduates have difficulties finding jobs: In a command economy, the government typically controls the job market and may have restrictions or limitations on job opportunities. This can result in a scarcity of jobs, making it harder for young college graduates to find employment.
Other statements, like "People with lower incomes have the same goods as people with higher incomes," "New businesses are started to fill society’s unmet needs," "A great deal of food in a market is thrown out because people wait in long lines for cheap goods," and "Companies develop new and useful technologies" are more commonly associated with a market economy.
To determine the events that are more common in a command economy, we need to understand the fundamental differences between command and market economies. In a command economy, the government controls the means of production, distribution, and pricing, whereas in a market economy, these processes are determined by the interaction of supply and demand within the free market.