Question

Which situation is more likely to occur in a market economy than a command economy?

People lined up for cheap, but scarce products a student is guaranteed a job out of college and inventor designs and produces a new type of car. A committee chooses which farms should receive new tractors.

Answer 1

[AI-generated answer — Bot GPT 3.5]

People lined up for cheap, but scarce products is more likely to occur in a market economy than a command economy. In a market economy, prices are determined by supply and demand, which can lead to scarcity of certain products and people lining up to purchase them. In a command economy, the government controls production and distribution, so there would be less likely to be shortages or lines for products.