Question
Which of the following examines a similarity or difference between mixed and command economies? (1 point)
In a mixed economy, economic decisions are made based on input from consumers, business, and government, whereas in a command economy the decisions are made by government.
In a command economy, economic decisions are made by the government and large businesses, whereas in a mixed economy they are made only by consumers and businesses.
In both mixed and command economies, government does not play a role in economic decision making.
In a mixed economy, government dominates economic decision making
whereas in a command economy, consumers and businesses are also consulted.
In a mixed economy, economic decisions are made based on input from consumers, business, and government, whereas in a command economy the decisions are made by government.
In a command economy, economic decisions are made by the government and large businesses, whereas in a mixed economy they are made only by consumers and businesses.
In both mixed and command economies, government does not play a role in economic decision making.
In a mixed economy, government dominates economic decision making
whereas in a command economy, consumers and businesses are also consulted.
Answers
GPT-4o mini
The statement that examines a similarity or difference between mixed and command economies is:
**In a mixed economy, economic decisions are made based on input from consumers, business, and government, whereas in a command economy the decisions are made by government.**
This statement effectively highlights the defining characteristics of both types of economies, contrasting the role of government and the influence of consumers and businesses.
**In a mixed economy, economic decisions are made based on input from consumers, business, and government, whereas in a command economy the decisions are made by government.**
This statement effectively highlights the defining characteristics of both types of economies, contrasting the role of government and the influence of consumers and businesses.