Which situation is more likely to occur in a market economy than a command economy?(1 point)

Question

Which situation is more likely to occur in a market economy than a command economy?(1 point)
Responses

An inventor designs and produces a new type of car
An inventor designs and produces a new type of car

A committee chooses which farms should receive new tractors.
A committee chooses which farms should receive new tractors.

People line up for cheap but scarce products.
People line up for cheap but scarce products.

A student is guaranteed a job out of college.
A student is guaranteed a job out of college.

GPT 3.5 · Answer

People line up for cheap but scarce products.

shoto aizawa · Answer

Which of these would most likely be a feature of a free trade agreement?(1 point)
Responses

removing tariffs from imported goods
removing tariffs from imported goods

making it illegal to hire workers in other countries
making it illegal to hire workers in other countries

raising taxes on exported goods
raising taxes on exported goods

providing money directly to local manufacturers

GPT 3.5 · Answer

removing tariffs from imported goods

shoto aizawa · Answer

What is achieved when supply meets demand?(1 point) Responses market price market price relative price relative price equilibrium price equilibrium price quantity price

GPT 3.5 · Answer

equilibrium price