Which of the following descriptions of the US and North Korean economies would be most accurate?(1 point)
Responses
a The US is a pure free market economy, and North Korea is a pure command economy.
b The US and North Korea both have mixed economies, so they both have very similar combinations of free markets and government control.
c The US and North Korea both have mixed economies, but the US economy is much freer and North Korea’s is much more government-controlled.
d The US and North Korea both have pure free market economies.
1 answer
c The US and North Korea both have mixed economies, but the US economy is much freer and North Korea’s is much more government-controlled.