Question 1

Assume society has decided on a market system. How will the system accommodate change?

• The system accommodates change by examining the production process.
• The system accommodates change by information gathered in the market.
• The system accommodates change based on the quantity and quality of resources.

Question 2

Which of the following was a reason the command system has not been successful historically?

• Successful market interactions between buyers and government.
• Lack of feedback between consumers and producers.
• Too much investment in technology too quickly.