1) What are two characteristics of a command economy? (2 answers) a) Distributes wealth among all society b) Individual roles are clearly defined c) Can ensure stability d) Sometimes market failures occur e) Great variety of goods f) Consumers can buy whatever they like in whatever amounts they want 2) What are two characteristics of a traditional economy?  (Choose the 2 correct answers) a) Individual roles are clearly defined b) Great variety of goods and services c) System is generally well understood by participants d) There are occasionally market failures e) Does not always provide basic needs of everyone in society f) Products produced fulfill needs

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