Question
Drag and drop each statement into the box with the economy it best reflects.
command economy
market economy
Responses that go in the boxes:
Business owners make decisions about how to run their companies.
The government decides how much of an item should be produced.
Legal policies are put into place that control prices.
prices are set by supply and demand
command economy
market economy
Responses that go in the boxes:
Business owners make decisions about how to run their companies.
The government decides how much of an item should be produced.
Legal policies are put into place that control prices.
prices are set by supply and demand
Answers
GPT-4o mini
Here’s how the statements align with each type of economy:
**Command Economy:**
- The government decides how much of an item should be produced.
- Legal policies are put into place that control prices.
**Market Economy:**
- Business owners make decisions about how to run their companies.
- Prices are set by supply and demand.
**Command Economy:**
- The government decides how much of an item should be produced.
- Legal policies are put into place that control prices.
**Market Economy:**
- Business owners make decisions about how to run their companies.
- Prices are set by supply and demand.