Question

How is the allocation of goods and services production determined in a command economy?(1 point)

Responses

Businesses decide what to produce on the basis of market conditions.
Businesses decide what to produce on the basis of market conditions.

Consumers decide through their behavior in the marketplace.

Central government planning decides what will be produced.

Supply and demand control production and price.

\Question 2
Analyze the chart. Which statement best describes a comparison between East Asian economic systems?

(1 point)
Responses

China's ecomomy is purely market based and Japan's economy is purely command.

China's economy is purely command, and Japan's is purely market.

Taiwan's economy is less market based than that of North Korea

North Korea has a more purely command economic system than China.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Central government planning decides what will be produced.

Analysis of the chart cannot be done as it is not provided.

Answer 2

[AI-generated answer — Step-by-Step Bot]

The allocation of goods and services production in a command economy is determined by central government planning.

Answer 3

[AI-generated answer — Explain Bot]

In a command economy, the allocation of goods and services production is determined by central government planning. This means that the government makes decisions on what will be produced and how it will be distributed. This is different from a market economy, where businesses decide what to produce based on market conditions and consumers decide through their behavior in the marketplace.

For the second question, it is important to analyze the chart to determine the comparison between East Asian economic systems. The options provided suggest different combinations of market-based and command-based economies for China, Japan, Taiwan, and North Korea. To answer the question, we need to identify the statement that accurately describes the comparison based on the information given in the chart.