Question

socialism began to correct which disadvantage of capitalism? * 1 point
inflexibility in the face of change
failure to reward new ideas
lack of motivation to work
uneven distribution of wealth

which of these is a common feature of market economies? * 1 point
production of high quality goods and services
low living standards for most people
economic stability with no recessions
public ownership of farms and factories

in a command economy, who decides how much to produce? * 1 point
industrial labor unions
individual consumers
government planners
corporate share holders

Explanation:

1. Socialism aims to address the issue of uneven distribution of wealth that is prevalent in capitalism. Capitalism often leads to a large gap between the rich and the poor, and socialism seeks to create a more equitable distribution through state - controlled or collective ownership and wealth - redistribution mechanisms.
2. A common feature of market economies is the production of high - quality goods and services. In a market economy, competition among producers drives them to improve the quality of their offerings to attract consumers. The other options are incorrect as market economies do not generally have low living standards for most people, cannot guarantee economic stability without recessions, and typically do not have public ownership of farms and factories as a common feature.
3. In a command economy, government planners decide how much to produce. They make decisions about resource allocation, production levels, and distribution based on what they believe is best for the overall economy and society, rather than relying on market forces.

Answer:

1. uneven distribution of wealth
2. production of high quality goods and services
3. government planners