Question
which events would be more common in a command economy than a market economy a people with lower incomes have the same goods as people with higher incomes. Be people wait long lines for cheap goods see new businesses are started to fill societies on my needs D young college graduates have difficulties finding jobs E a great deal of food in a market is thrown out because people wait in long lines for cheap goods F companies develop new and useful technologies
Answers
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GPT-4o mini
In a command economy, certain events are more likely to occur compared to a market economy due to the nature of resource allocation and economic incentives. Among the options you provided, the following events would be more common in a command economy:
1. **People wait in long lines for cheap goods** - In a command economy, goods are often rationed or provided at subsidized prices, leading to shortages and long queues as consumers wait to purchase these limited supplies.
2. **People with lower incomes have the same goods as people with higher incomes** - Command economies typically focus on egalitarian distribution of goods and services, aiming to minimize the income disparity by providing similar access to goods for people across different income levels.
3. **Young college graduates have difficulties finding jobs** - A command economy might struggle with employment matching, leading to overproduction of graduates in certain fields while not having enough jobs available in others due to centralized planning that may not effectively respond to market demands.
The other options are less likely to be common in a command economy:
- **New businesses are started to fill societal needs** - This is more characteristic of a market economy where entrepreneurship thrives due to profit incentives. Command economies usually have state-controlled business sectors.
- **A great deal of food in a market is thrown out** - This situation is more typical of a market economy, where supply and demand dictate prices, leading to waste if prices are too high or misaligned with demand.
- **Companies develop new and useful technologies** - Innovation is generally driven more by competition in a market economy. In a command economy, technological development may occur but is often slower and less efficient due to lack of market incentives.
In summary, the first two options you provided are indeed more common in a command economy, along with the third option regarding young college graduates.
1. **People wait in long lines for cheap goods** - In a command economy, goods are often rationed or provided at subsidized prices, leading to shortages and long queues as consumers wait to purchase these limited supplies.
2. **People with lower incomes have the same goods as people with higher incomes** - Command economies typically focus on egalitarian distribution of goods and services, aiming to minimize the income disparity by providing similar access to goods for people across different income levels.
3. **Young college graduates have difficulties finding jobs** - A command economy might struggle with employment matching, leading to overproduction of graduates in certain fields while not having enough jobs available in others due to centralized planning that may not effectively respond to market demands.
The other options are less likely to be common in a command economy:
- **New businesses are started to fill societal needs** - This is more characteristic of a market economy where entrepreneurship thrives due to profit incentives. Command economies usually have state-controlled business sectors.
- **A great deal of food in a market is thrown out** - This situation is more typical of a market economy, where supply and demand dictate prices, leading to waste if prices are too high or misaligned with demand.
- **Companies develop new and useful technologies** - Innovation is generally driven more by competition in a market economy. In a command economy, technological development may occur but is often slower and less efficient due to lack of market incentives.
In summary, the first two options you provided are indeed more common in a command economy, along with the third option regarding young college graduates.