Questions: Question 5 1 pts Which of the following is true of product availability in a communist system? Consumers have a wide choice of goods but not services. Consumers have a wide choice of services but not goods. Consumers have a limited choice of goods and services. Consumers have a limited choice of seivices but not goods. Consumers have a wide choice of services and goods.

The answer is: Consumers have a limited choice of goods and services.

Explanation for each option:

1. Consumers have a wide choice of goods but not services.

   • This is incorrect. In a communist system, the government typically controls the production and distribution of both goods and services, leading to limited choices in both areas.

2. Consumers have a wide choice of services but not goods.

   • This is incorrect. Similar to goods, services are also controlled by the state, resulting in limited availability and variety.

3. Consumers have a limited choice of goods and services.

   • This is correct. In a communist system, the government plans and controls the economy, which often results in a limited selection of both goods and services due to centralized decision-making and lack of competition.

4. Consumers have a limited choice of services but not goods.

   • This is incorrect. Both goods and services are typically limited in availability and variety in a communist system.

5. Consumers have a wide choice of services and goods.

   • This is incorrect. The nature of a communist system, with its centralized control and lack of market competition, generally leads to fewer choices for consumers in both goods and services.