Question

Which situation is more likely to occur in a market economy than a command economy? (1 point) Responses People line up for cheap but scarce products. People line up for cheap but scarce products. A student is guaranteed a job out of college. A student is guaranteed a job out of college. An inventor designs and produces a new type of car. An inventor designs and produces a new type of car. A committee chooses which farms should receive new tractors.

Answer 1

An inventor designs and produces a new type of car.