Country A has a mixed economy with free-market leanings. Country B has an absolute command economy. Both want to increase corn product exports. Which action would Country A most likely take that Country B would not?

Artificially lower the price of corn

Legislate higher production quotas

Lower taxes on corn farming

Impose stricter divisions of labor

Question

Country A has a mixed economy with free-market leanings. Country B has an absolute command economy. Both want to increase corn product exports. Which action would Country A most likely take that Country B would not? 

 Artificially lower the price of corn 

 Legislate higher production quotas 

 Lower taxes on corn farming 

 Impose stricter divisions of labor

anonymous · Answer

@rane
@Luigi0210 
@jowshan 
@Lena772

lena772 · Answer

Mixed Economy - An economic system that includes a mixture of capitalism and socialism. This type of economic system includes a combination of private economic freedom and centralized economic planning and government regulation.

free market earnings - when townspeople are allowed to open their own businesses to make profits

lena772 · Answer

A command economy is one in which the coordination of economic activity, so essential to the viability and functioning of a complex social economy, is undertaken through administrative means— commands, directives, targets and regulations — rather than by a market mechanism.

anonymous · Answer

thanks I was looking for which choice it is

lena772 · Answer

Based on that, what do you think is the answer?

anonymous · Answer

B? @Lena772

lena772 · Answer

I wouldn't say it's B. Country A has free market leanings, which means people are allowed to have their own businesses and produce what they want.

lena772 · Answer

What would make someone want to produce corn as a business?

anonymous · Answer

C  everybody wants lower tax

lena772 · Answer

yes ! good job!

anonymous · Answer

Which market type is most beneficial to consumers? 

 Monopolistically competitive market 

 Monopoly 

 Oligopoly 

 Purely competitive market 

@Lena772

anonymous · Answer

@dumbo

anonymous · Answer

I dont know :'( SHIZ sorry

lena772 · Answer

consumers are those who buy goods

lena772 · Answer

a monopoly is a market where one person/the government decides which goods to sell and their prices

lena772 · Answer

oligopoly is similar to a monopoly but can be run by 2 or more people, but not many

lena772 · Answer

monopolistically competitive market is a large amount of businesses continually raising their prices to earn the most profit and purely competitive market are large amount of firms trying to sell the most product so they will lower prices to influence consumers to shop there

anonymous · Answer

so purely competitive