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 compared to a market economy:

1. People wait in long lines for cheap goods. - In a command economy, prices are often set by the government, leading to shortages and long lines for affordable goods.

2. Young college graduates have difficulties finding jobs. - In a command economy, job availability can be more centrally planned and less responsive to the actual skills and education of the graduates, making it difficult for them to find jobs.

Therefore, the two selected responses should be:

• People wait in long lines for cheap goods.
• Young college graduates have difficulties finding jobs.

Answer 2

wrong