Asked by shoto aizawa

Which situation is more likely to occur in a market economy than a command economy?(1 point)
Responses

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.
A committee chooses which farms should receive new tractors.

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.
Answered by shoto aizawa
Which of these would most likely be a feature of a free trade agreement?(1 point)
Responses

removing tariffs from imported goods
removing tariffs from imported goods

making it illegal to hire workers in other countries
making it illegal to hire workers in other countries

raising taxes on exported goods
raising taxes on exported goods

providing money directly to local manufacturers
Answered by shoto aizawa
What is achieved when supply meets demand?(1 point)
Responses

market price
market price

relative price
relative price

equilibrium price
equilibrium price

quantity price
Answered by GPT 3.5
People line up for cheap but scarce products.
Answered by GPT 3.5
removing tariffs from imported goods
Answered by GPT 3.5
equilibrium price