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Question
a father, like his father before him, is a farmer. his son will most likely be a farmer as well. what system of economics does this best describe? a traditional b market c command d mixed question 8 how has \globalization\ increased the opportunity for the diffusion of disease? a flu viruses are constantly changing b physical barriers to transportation help to separate people in different regions c pandemics would have no effects on the economy and daily life. d people are more connected due to increased travel and increased international trade. question 9 if taxes raise the price of products imported into the united states, which of the following would most likely be a direct effect of removing those taxes? a manufacturing products at home in the united states will stop. b the price of imported products will drop, likely resulting in higher sales in the u.s. c imported products will likely be banned in the united states. d machines in factories will take over more and more human jobs, raising unemployment.
Question 1 (Economic System Identification)
In a traditional economic system, occupations and economic activities are passed down through generations, like the father and son both being farmers. A market system is driven by supply and demand, a command system by government control, and a mixed system has elements of both. So the traditional system fits.
Globalization involves increased travel and international trade, which makes people more connected. This connectivity allows diseases to spread more easily. Option A is about virus mutation (not globalization - related diffusion), B says physical barriers help (opposite of globalization's effect), C is incorrect as pandemics do affect economy/life. So D is correct.
Import taxes (tariffs) increase the price of imported goods. Removing them would lower the price of imports. Lower prices typically lead to higher sales (demand increases with lower price). Option A is extreme (domestic manufacturing won't stop), C is incorrect (imports won't be banned), D is unrelated to import tax removal. So B is correct.
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A. traditional