Which events would be more common in a command economy than a market economy? pick two

Question

(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.

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. - In command economies, where the government controls the distribution of goods and prices are set below market value, shortages can occur, leading to long lines as people wait for access to limited supplies.

2. People with lower incomes have the same goods as people with higher incomes. - In a command economy, the government often aims to promote equality by providing basic goods and services to all individuals, regardless of their income level, which can result in a more uniform distribution of goods across different income groups.

These events highlight the difference in how goods and resources are allocated in command economies compared to market economies.