Question

Ivan works for an automobile factory that exports cars around the world. The government manages the factory, and he lives in housing provided by the city. Ivan most likely lives in

Answer 1

The right answer is C) a command economy with heavy  government regulation.

This is no doubt a socialist or a communist state since states on the right side of the political range usually would, in general, be an entrepreneur.

Economies with government control, as a rule, were found in nations, for example, the Soviet Union, China, Yugoslavia, and similar countries where everything was open property.

Answer 2

A command economy with heavy government regulation.

• Explanation:
• A "command economy" is a mechanism wherein the govt decides, instead of the free market,  what products can be made, in what quantity & for what price  the commodities are sold for sale . Investments & profits are also determined. The "command economy" is an essential aspect of every communist society. Cuba, North Korea & the former USSR are examples of leading economies while China held a dominant economy years before it switched to a mixed economy, with  capitalist  & communist elements alike.
• A "command economy" is where central government planners manage, regulate & decide the allocation of output through their means of production. Command economies have issues such as low incentives for developers, managers & employees of public companies.
• The processes, proportions, quantities,  location & timing of economic activity across the economy without personal property or supply & demand working are not adequately specified by central planners in a "command economy". Command economists argue that "fair distribution & social welfare" are better than private profit. 

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What were two effects of the command economy in the Soviet ...

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