Question

in nigeria, people can open their own businesses, choose their careers and job paths, and can purchase a wide array of consumer goods. however, the national government institutes tariffs on imported goods, has a significant share in the oil industry, and regulates much of the country’s industry. based on this description, nigeria could best be categorized as a ___ economy. responses (1 point) ∘ command ∘ market ∘ mixed ∘ traditional african countries have a mixed economic system located on a continuum between pure market and pure command. which of the following statements accurately reflects this concept? (1 point) ∘ pure market economies rely solely on government directives to allocate resources efficiently, while pure command economies allow market forces to determine resource allocation. ∘ mixed economies combine elements of both market and command systems, with government intervention and market forces influencing resource allocation to varying degrees along a continuum. ∘ pure market economies are entirely devoid of government influence, while mixed economies grant government full control over resource allocation decisions. ∘ command economies strictly adhere to supply and demand dynamics, whereas mixed economies are characterized by a complete absence of market-driven decisions.

Explanation:

First Question:

• A command economy is fully controlled by the government, but Nigeria allows private business and consumer choices, so not command.
• A market economy has minimal government intervention, but Nigeria has government tariffs, industry share, and regulation, so not pure market.
• A mixed economy combines market (private business, career choice, consumer goods) and command (government tariffs, industry share, regulation) elements, which matches Nigeria's description.
• A traditional economy is based on customs/tradition, not relevant here.

• Option 1: Pure market relies on market forces, pure command on government—this is reversed, so wrong.
• Option 2: Mixed economies combine market (private) and command (government) elements, with varying degrees of each along a continuum (between pure market and pure command), which matches the concept.
• Option 3: Pure market economies aren't entirely devoid of government influence, and mixed economies don't give government full control—wrong.
• Option 4: Command economies rely on government, not supply/demand; mixed economies have market-driven decisions—wrong.

Answer:

C. Mixed

Second Question: