Question

in which government system does the government tell people what to do?
capitalism
socialism
in which economic system are resources allocated based on price, supply and demand?
capitalism/free market
socialism
in a marginal analysis, which 2 statements are true
a decision is based on benefits equaling or exceeding cost
criteria match alternatives
decisions are looked at based on changes made for each small step

Explanation:

• First Question: In socialism, the government has a significant role in directing economic activities and can tell people what to do in terms of production, distribution, etc. Capitalism is more about private ownership and less government - directed in terms of individual actions.
• Second Question: In capitalism/free market, resources are allocated based on the forces of price, supply, and demand. In socialism, the government has a more central role in resource allocation rather than relying on these market forces.
• Third Question: In marginal analysis, decisions are made by comparing marginal benefits and marginal costs. A decision is based on benefits equaling or exceeding cost (marginal benefit ≥ marginal cost). Also, decisions are analyzed based on changes made for each small step (marginal changes). Criteria matching alternatives is not a key aspect of marginal analysis.

Answer:

• First question: socialism
• Second question: capitalism/free market
• Third question: a decision is based on benefits equaling or exceeding cost, decisions are looked at based on changes made for each small step