Question

Which statement best compares traditional and command economies? In a command economy, competition sets prices, but in a traditional economy, there is no competition. In a traditional economy, all transactions are made with currency, but in a command economy, all transactions are made by barter. In a command economy, the government sets prices and distributes goods, but in a traditional economy, goods are exchanged by barter. In a traditional economy, individuals have little control over economic decisions, but in a command economy, individuals control all economic decisions.

Answer 1

Answer:

In a command economy, the government sets prices and distributes goods, but in a traditional economy, goods are exchanged by barter.

Explanation:

Answer 2

Answer:

In a command economy, the government sets prices and distributes goods, but in a traditional economy, goods are exchanged by barter.

Explanation:

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