Question

question 1
what is a common criticism of planned economies?
○ they encourage competition
○ they provide a wide variety of consumer choices
○ they are entirely profit - driven
○ they can lead to limited innovation and slow development
question 2
how does economic freedom benefit consumers in a market economy?
by increasing competition and choices in the market
by limiting choices to essential goods
by ensuring all goods are government regulated

Explanation:

Question 1

Planned economies are centrally controlled. Options 1, 2, 3 describe market economy traits (competition, consumer choice, profit - driven). Planned economies often lack incentives for innovation, leading to slow development. So the correct option is the one about limited innovation.

Economic freedom in a market economy allows businesses to compete and offer diverse products. Limiting choices and government - controlled goods are not market economy or economic freedom traits. So it benefits consumers by increasing competition and choices.

Answer:

They can lead to limited innovation and slow development

Question 2