Question

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

Answer 1

The situation that is more likely to occur in a market economy than a command economy is: **An inventor designs and produces a new type of car.**

In a market economy, innovation and entrepreneurship are encouraged, allowing individuals and companies to create new products based on consumer demand. In contrast, a command economy typically relies on centralized planning and may not prioritize individual innovation or new inventions to the same extent.