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If the government determines whether you get an apartment, you are most likely living in a _____ economy. In a _____ society, the community in theory is supposed to control the resources, but in reality, the _____ does.

A) command / socialist / government
B) market / capitalist / community
C) mixed / communist / government
D) socialist / mixed / community

User Isah
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Final answer:

The correct answer is A) command / socialist / government. In a command economy, the government plays a major role in economic decision-making, while in a socialist society, the resources should be controlled by the community, though in practice it is often the state.

Step-by-step explanation:

If the government determines whether you get an apartment, you are most likely living in a command economy. In a socialist society, the community in theory is supposed to control the resources, but in reality, the government does. Therefore, the correct answer is A) command / socialist / government.

Economic systems are ways a country organizes and structures its economic activity. Choices about production and consumption are made differently depending on the economic system. A market economy is characterized by private ownership and decision-making by firms and consumers, while a command economy involves government ownership and centralized decision-making. Most real-world economies are mixed, incorporating both market and command elements to varying degrees, and the balance between these can determine the efficiency and equity of a society's economic operations.

User Tamarah
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