Drag and drop the definitions and the countries to the correct economic system.

Question

boxes:
command economy

market economy

Responses that go into the box:

Mongolia during the Cold War

North Korea during the Cold War

South Korea during the Cold War

Taiwan during the Cold War

Answer 1

Here’s how you can sort the countries into the appropriate economic systems:

Command Economy:

• North Korea during the Cold War
• Mongolia during the Cold War

Market Economy:

• South Korea during the Cold War
• Taiwan during the Cold War

In summary:

• Command Economy: North Korea during the Cold War, Mongolia during the Cold War
• Market Economy: South Korea during the Cold War, Taiwan during the Cold War