command economy

Question

market-based economy

command economy with limited market reforms

A. china
B. japan
C. south korea
D. north korea

Answer 1

Here’s the classification of the economies based on your descriptions:

• Command Economy: D. North Korea
• Market-Based Economy: B. Japan
• Command Economy with Limited Market Reforms: A. China

C. South Korea is primarily considered a market-based economy, similar to Japan.