Which situation is more likely to occur in a market economy than a command economy?

Question

a.An inventor designs and produces a new type of car
b.A student is guaranteed a job out of college.
c.People line up for cheap but scarce products.
d.A committee chooses which farms should receive new tractors.

Answer 1

a. An inventor designs and produces a new type of car is more likely to occur in a market economy than a command economy. In a market economy, individuals have the freedom to innovate and produce new products based on consumer demand and competition. Entrepreneurs can identify opportunities and take risks by introducing new inventions into the market. In contrast, in a command economy, the government controls and plans the production and distribution of goods, limiting the scope for individual initiative and creativity.