1172018 1155 PM 4 663100 Gradebook Print Calculator Question

1/17/2018 11:55 PM 4 66.3/100 Gradebook Print Calculator Question 11 of 15 Map Sapling Learning Rank each of the following four statements with regards to whether the economic organizations in each statement are more market-oriented, (laissez-faire or command-oriented (centrally planned) Market-Oriented Activities Command-Oriented Activities The government attempts to induce certain production/consumption decisions using monetary incentives. The government regulates some production/consumption decisions. The government makes all production/consumption decisions. Buyers and sellers make all production/consumption decisions. Previous Give Up & View Solution O Check Answer Next Exit Hint

Solution

Solution:

-buyers and sellers make all production/consumption decisions..market-oriented (aka laissez-faire)

-the government attempts to induce certain production/consumption decisions using monetary incentives..command-oriented (aka laissez-faire)

-the government regulates some production/consumption decisions..market-oriented (aka laissez-faire)

-the government makes all production/consumption decisions..command-oriented (aka laissez-faire)

Explanation:

Market-oriented activities targets to design and sell products that satisfy the needs of the customers and where decisions are based on supply and demand in the general market (market economy). Command-oriented is a system where the government determines instead of the free market.