Question

14)Compared to market economies, command economies are more effective at advancing which economic goal?

A)growth

B)equality

C)freedom

D)efficiency



Question 15) One of the biggest disadvantages of pure market economies is that they do NOT strongly promote

A)economic efficiency.

B)economic freedom.

C)economic growth.

D)economic security

Answer 1

Answer: 14. Equality.

15. economic security

Step-by-step explanation:

A market economy is simply an economic system that the investment decision, production decision and the distribution decision are guided through price signals which have been created by demand and supply forces.

A command economy is simply an economic system that the investment decision, production decision and the distribution decision are under the guidance of the government. A command economy preaches fairness and equality.

While a market economy promotes economic efficiency, economic freedom and economic growth; it does not promote economic security. Economic security has to do with having an income which will be vital in the maintenance and sustenance of a standard of living.