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. People wait in long lines for cheap goods. People wait in long lines for cheap goods. New businesses are started to fill society’s unmet needs. New businesses are started to fill society’s unmet needs. Young college graduates have difficulties finding jobs. Young college graduates have difficulties finding jobs. 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. Companies develop new and useful technologies. Companies develop new and useful technologies. Skip to navigation

Answer 1

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

1. People with lower incomes have the same goods as people with higher incomes. - Command economies often aim for equal distribution of goods, leading to a situation where income differences do not significantly affect access to goods.

2. People wait in long lines for cheap goods. - Command economies tend to have fixed prices for goods, which may lead to shortages, causing people to wait in long lines for the limited cheap goods available.

3. Young college graduates have difficulties finding jobs. - In command economies, the government often determines job placement and may not effectively match graduates with available positions, leading to unemployment or underemployment.

The other options, such as "New businesses are started to fill society’s unmet needs," "A great deal of food in a market is thrown out because people wait in long lines for cheap goods," and "Companies develop new and useful technologies," are generally more characteristic of a market economy.