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..

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. - In a command economy, the government often controls distribution and aims for equality among its citizens.

2. People wait in long lines for cheap goods. - Often, due to limited supply and government price controls, consumers in command economies may face shortages, leading to long lines for basic goods.

3. Young college graduates have difficulties finding jobs. - In command economies, job allocation is often determined by the government, and there may be less flexibility for new entrants to the workforce.

The events "New businesses are started to fill society’s unmet needs" and "Companies develop new and useful technologies" are generally more characteristic of a market economy, where innovation and entrepreneurship are driven by consumer demand and competition. Additionally, "A great deal of food in a market is thrown out because people wait in long lines for cheap goods" is less relevant as it mixes aspects of both economies and doesn't accurately reflect the usual outcomes in either context.