Question

7. Which situation is more likely to occur in a market economy than a command economy?
A. People line up for cheap but scarce products.
B. A student is guaranteed a job out of college.
C. An inventor designs and produces a new type of car.
D. A committee chooses which farms should receive new tractors.

I'm really not sure about this question, a command economy is run by the government and the market economy is not?


8. How does the use of plastic to produce bicycle helmets affect other plastic using industries?
A. It decreases the prices offered by other industries.
B. It increases the demand for products of other industries.
C. It increases the capital available to other industries.
**D**. It decreases the amount of resources available to other industries.

Answer 1

7. You are right about this: "a command economy is run by the government and the market economy is not"
So which one of those four choices is NOT something decided by a government?

8.
A. "the prices" of what?
B. "the demand" for what?
C. How do companies acquire capital?
D. Have you ever heard of anyone being short of plastic? If so, under what circumstances?

Answer 2

so for 7 its c? since something created by an individual inventor does not have the government involved?

Answer 3

I think

Answer 4

This doesn't make any sense but thanks anyway lol

Answer 5

I don't think so

Answer 6

can someone tell the actual answer im still confused