14)Compared to market economies, command economies are more effective at advancing which economic goal? A)growth

B)equality

C)freedom

D)efficiency

Question 15) One of the biggest disadvantages of pure market economies is that they do NOT strongly promote

A)economic efficiency.

B)economic freedom.

C)economic growth.

D)economic security

14. Equality.

15. economic security

Explanation:

A market economy is simply an economic system that the investment decision, production decision and the distribution decision are guided through price signals which have been created by demand and supply forces.

A command economy is simply an economic system that the investment decision, production decision and the distribution decision are under the guidance of the government. A command economy preaches fairness and equality.

While a market economy promotes economic efficiency, economic freedom and economic growth; it does not promote economic security. Economic security has to do with having an income which will be vital in the maintenance and sustenance of a standard of living.

in the 1900s, the united states was still a largely agrarian society with a very fast growing industrial and manufactering sector.

the south of the country was the bread basket of the country with large farm lands making up a majority of the economy.

in the north and more specficially north-west, growing manufactering and export sector had made the united states into a powerful exporting country.

this peaked in the 50s and 60s when the united states became the largest economy in the world and the largest exporter.

today, the majority of the united states economy is made up of the services sector that includes banking, insurance, music, movies, hotels etc.