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[L0. Strengths and weaknesses of the three basic types of economies Imagine you are a consultant who has been asked to summarize the strengths and

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[L0. Strengths and weaknesses of the three basic types of economies Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia, a nation with a pure command economy. Which of the following would you include in your report as weaknesses of Directavia's economy? Check all that apply. [J Each individual has less personal freedom in making economic choices. [ Because government is responsible for all production, the variety of products tends to be limited. [l Because nobody in particular owns resources, each person has less incentive to employ them in their highest-valued use, so some resources are wasted. [J The economy cannot quickly change the type of goods being produced to meet new priorities

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