Question

\\Which events would be more common in a command economy than a market economy? Select all that apply. (1 point) Responses People with lower incomes have the same goods as people with higher incomes. People with lower incomes have the same goods as people with higher incomes. - only 2 answers are allowed People wait in long lines for cheap goods. People wait in long lines for cheap goods. - only 2 answers are allowed New businesses are started to fill society’s unmet needs. New businesses are started to fill society’s unmet needs. - only 2 answers are allowed Young college graduates have difficulties finding jobs. Young college graduates have difficulties finding jobs. - only 2 answers are allowed A great deal of food in a market is thrown out because people wait in long lines for cheap goods. A great deal of food in a market is thrown out because people wait in long lines for cheap goods. - only 2 answers are allowed Companies develop new and useful technologies.

Answer 1

In a command economy, the following events would be more common than in a market economy:

1. People wait in long lines for cheap goods. - Command economies often rely on price controls and centralized distribution, which can lead to scarcity and long lines for goods.

2. Young college graduates have difficulties finding jobs. - In a command economy, job allocation is often determined by the state rather than by market demand, which can lead to mismatches between skills and available positions.

The other options, particularly those that imply innovation and entrepreneurial activity (like starting new businesses or companies developing new technologies), are typically more associated with market economies rather than command economies.