Question

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-ups

Payment of workforce based on units of production

Answer 1

The correct answer among the choices is the third option. An action that would likely occur is the investment in loads to support independent start-ups. In a command economy, the government controls the market. A free market is the opposite of a command economy because it is free from government intervention.

Answer 2

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