Question

1. which factor is a major advantage of free market economies compared with command economies? e.1.1

a. greater variety in consumer choice
b. more equitable distribution of goods
c. more extensive social welfare programs

1. \in a centrally planned economy, where the quantity of goods produced is more important than their quality or fitness for customer purpose, managers could afford to look at employees as hands. independent judgment was often discouraged, and objectivity was seldom valued... in today’s market economies, however, a business enterprise needs to tap all the human potential available to it to compete effectively. enterprises now recognize that they must invest in their employees.\

business ethics: a manual for managing a responsible business enterprise in emerging market economies, 2004
u.s. department of commerce, international trade administration
based on the text, how does the utilization of human resources compare in centrally planned (command) economies and market economies? e.1.1
a. centrally planned (command) economies view their human resources as tools to make products, while market economies encourage people to innovate
b. both centrally planned (command) economies and market economies encourage innovation by employees in order to improve private businesses
c. centrally planned (command) economies encourage employees to be efficient, while market economies require conformity from employees

Explanation:

For question 3: Free market economies prioritize consumer choice and competition, leading to a wider variety of products, while command economies have centralized production with limited variety. Options b and c are features more associated with command or mixed economies, not advantages of free markets over command systems.
For question 4: The text states command economies viewed employees as "hands" (tools for production) and discouraged independent judgment, while market economies recognize the need to invest in employees to compete, which includes encouraging innovation from them. Options b and c contradict the text's description.

Answer:

1. a. Greater variety in consumer choice
2. a. Centrally planned (command) economies view their human resources as tools to make products, while market economies encourage people to innovate