Which of the following is an advantage that a command economy offers workers that a market economy does not?

• A. More consumer choice in goods and services
• B. Flexible working hours based on individual preferences
• C. Higher wages determined by supply and demand
• D. Greater job security due to government planning

Answer: (D)

Verified step by step guidance

1. Step 1: Understand the key characteristics of a command economy, where the government centrally plans and controls economic activities, including employment and production decisions.
2. Step 2: Recognize that in a command economy, the government often guarantees employment to workers, which can lead to greater job security compared to a market economy.
3. Step 3: Contrast this with a market economy, where wages and employment are determined by supply and demand, leading to more flexible but less secure job conditions.
4. Step 4: Analyze the options given: more consumer choice and flexible working hours are typically features of market economies, while higher wages determined by supply and demand are also market economy traits.
5. Step 5: Conclude that the advantage unique to a command economy among the options is greater job security due to government planning, as the government controls employment and aims to minimize unemployment.