#1. two traditional economies are trying to industrialize. the leaders of the first favor a command economic system. the leaders of the second want to try more free market-based policies. which of the following actions would likely occur in one but not the other industrializing economy? conversion of farmland from agriculture to industry/ export of surplus goods not consumed locally / investment in loans to support independent start-up/ payment of workforce based on units of #2. the united states raises taxes on imported electronic goods. this type of trade barrier is known as a(n)

embargo/ license/ quota/ #3. which of these businesses are in monopolistic competition?

two clothing shops, one selling women's clothing and the other selling kids' clothing/ two agricultural producers, each selling a variety of kinds of citrus fruit/ two pet stores, one of which sells dog products and the other of which sells bird products/ two phone providers, each offering benefits to customers who switch to its #4.rod has a business making silver and gold jewelry charms in the shapes of molecules. he has five metalsmiths who work for him. one week, his production possibilities curve shifts inward. what could explain this shift?

a prominent actor begins displaying one of rod's jewelry charms./ rod hires two new metalsmiths, and they increase his production./ the price of gold decreases, allowing rod to increase his gold supply./ two metalsmiths catch a viral infection and take sick days.
#5. which of the following statements most directly relates to the broad economic goal of freedom?

allowing parents to choose between public and private schooling for their children, through vouchers/ allowing the national park service to initiate a program of controlled forest fires to clear undergrowth/ increasing funding for space exploration to boost high-tech employment and develop new technologies/
increasing income taxes for the rich so that tax money can fund aid for the economically disadvantaged