Analyze a chart which statement best describes a comparison between east Asian economic systems
Command economy
North Korea
China
Mixed Economy
Mongolia
Japan, South Korea, Taiwan
Market economy
Responses:
A. China’s economy is purely market-based, and Japan’s economy is purely command.
B. China’s economy is purely command, and Japan is purely market.
C. Taiwan economy is less market than that of North Korea.
D. North Korea has a more purely command economic system, then China
1 answer
The best statement that describes a comparison between east Asian economic systems is D. "North Korea has a more purely command economic system than China." This statement correctly acknowledges that North Korea has a stronger command economy compared to China. However, it does not provide any information about the other countries or their economic systems. Therefore, it cannot be accurately compared to options A, B, or C.
1 answer