Question

question 15
3 pts
which type of economy has the least government involvement and is more likely to encourage innovation and economic growth?
command
market
janet wants to buy new furniture. the store is offering a 6 - month financing special if she buys it today. janet decides to wait and save money each month and then buy the furniture. this is an example of
opportunity cost
delayed gratification
supply and demand
consumer protection

Explanation:

1. For the first question, in a market - based economy, the government has less direct involvement compared to a command economy. Market economies are more likely to encourage innovation and economic growth through competition and free - market mechanisms.
2. For the second question, Janet decides to wait and save money instead of taking the financing option, which is an example of delayed gratification, sacrificing immediate purchase for long - term financial benefits.

Answer:

Question 15: Market
Second question: Delayed Gratification