6. The economies of North Korea and India are: Group of answer choices different in that...

Question

Question

6. The economies of North Korea and India are: Group of answer choices different in that...

6.

The economies of North Korea and India are:

Group of answer choices

different in that North Korea has a command system, while India has a market system.

similar in that they are both basically command systems.

similar in that they are both basically market systems.

different in that India has a command system, while North Korea has a market system.

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

India as we all know , one of the biggest democracy in the world

Rich in heritage, culture, diversity etc

Here economy works totally on market system

Less barriers ,easy trade etc

But if we talked about country North Korea

It is an Authoritarian country which has only one supreme leader that controls the whole country and that we called the command system as well

Answer is option A

Add a comment

Answer 2

Similar Homework Help Questions

Market economies are based on private enterprise, which means Group of answer choices there is no...

Market economies are based on private enterprise, which means Group of answer choices there is no private property. private companies control the government. economic decision-making happens through markets.
2 Wnte one posiuv 3. The Democratic People's Republic of Korea (often called "North Korea") is...

2 Wnte one posiuv 3. The Democratic People's Republic of Korea (often called "North Korea") is a communist dictatorship in which most production decisions are determined by the government. As with all economies, it faces scarcity, makes tradeoffs and each decision has an opportunity cost. For the sake of this problem, assume North Korea can only produce two things: weapons and food. a. Draw a production possibilties frontier that demonstrates North Korea's ability to produce os in tht weapons and...
Which of the following countries has the best example of a laissez-faire economic system? Group of...

Which of the following countries has the best example of a laissez-faire economic system? Group of answer choices Canada China Japan Brazil North Korea

1) Which of the following is an assumption of monopolistic competition? Group of answer choices a...

1) Which of the following is an assumption of monopolistic competition? Group of answer choices a There are no barriers to entry b Each seller produces a similar, but different good c There is a single seller d The actions of one seller will affect the actions of the others 2) Suppose a price-taking firm has total fixed costs of $200 and the following marginal costs: Quantity 1 2 3 4 5 6 7 MC 50 30 60 80 100...
1)In the U.S. a drug company’s patent remains in force for: Group of answer choices a)10...

1)In the U.S. a drug company’s patent remains in force for: Group of answer choices a)10 years. b)25 years. c)70 years. d)20 years. 2)When a natural monopoly exists in a given industry, the per-unit costs of production will be Group of answer choices a)lower for the smaller firms than for larger firms. b)lowest when there are a large number of producers in the industry. c)lowest when a single firm generates the entire output of the industry. d)minimized at the output...
11. Earth’s magnetic north pole is close to Group of answer choices Earth’s geographic south pole....

11. Earth’s magnetic north pole is close to Group of answer choices Earth’s geographic south pole. Earth’s geographic north pole. Earth’s equator. the US-Mexico border. the Victoria Falls in Africa.

A natural monopoly is most likely to result if a single firm: Group of answer choices...

A natural monopoly is most likely to result if a single firm: Group of answer choices is the only seller in a community. is investor-owned, but is granted the exclusive right by the government to operate in a market. experiences economies of scale over a wide range of output. has gained control over a strategic input of an important production process.
6. Carbon atoms with sp hybridization have a _____ molecular geometry. Group of answer choices Linear...

6. Carbon atoms with sp hybridization have a _____ molecular geometry. Group of answer choices Linear Trigonal planar Tetrahedral Bent 7. Saturated hydrocarbons (alkanes) have what hybridization at every carbon atom? sp3 sp2 sp They have several different orbital hybridizations. 8. Conjugated dienes must have which of the following orbital hybridizations? Group of answer choices sp3 sp2 sp sp3d2 9. Alkynes must have which of the following orbital hybridizations? Group of answer choices sp3 sp2 sp None of these answers...
1) The "Profit-Max/Loss-Min/Shutdown Rule" applies to: Group of answer choices Pure Monopoly only Perfect Competition only...

1) The "Profit-Max/Loss-Min/Shutdown Rule" applies to: Group of answer choices Pure Monopoly only Perfect Competition only Most market structures All market structures 3) A firm in a monopoly market structure always operates at an economic profit. Group of answer choices True False 4) Comparing monopoly and competitive market structures, "Deadweight Loss" refers to: Group of answer choices Underground markets developing to supply the monopoly good. Shortages caused by high monopoly pricing. The production gap resulting from under-allocation of resources. Surpluses...

Aggregate Demand is always equal to Gross Domestic Product Group of answer choices True False Which...

Aggregate Demand is always equal to Gross Domestic Product Group of answer choices True False Which of the following is NOT true about GDP as an indicator of how well or how poorly the economy is performing. Group of answer choices GDP is not a good indicator because the U.S. is a "24/7" economy, while other economies value time off GDP is not a good indicator because it can be undervalued GDP is not a good indicator because it takes...

6. The economies of North Korea and India are: Group of answer choices different in that...

Homework Answers

Add Answer to:
6. The economies of North Korea and India are: Group of answer choices different in that...

Post as a guest

Earn Coins

Market economies are based on private enterprise, which means Group of answer choices there is no...

2 Wnte one posiuv 3. The Democratic People's Republic of Korea (often called "North Korea") is...

Which of the following countries has the best example of a laissez-faire economic system? Group of...

1) Which of the following is an assumption of monopolistic competition? Group of answer choices a...

1)In the U.S. a drug company’s patent remains in force for: Group of answer choices a)10...

11. Earth’s magnetic north pole is close to Group of answer choices Earth’s geographic south pole....

A natural monopoly is most likely to result if a single firm: Group of answer choices...

6. Carbon atoms with sp hybridization have a _____ molecular geometry. Group of answer choices Linear...

1) The "Profit-Max/Loss-Min/Shutdown Rule" applies to: Group of answer choices Pure Monopoly only Perfect Competition only...

Aggregate Demand is always equal to Gross Domestic Product Group of answer choices True False Which...

6. The economies of North Korea and India are: Group of answer choices different in that...

Homework Answers

Add Answer to: 6. The economies of North Korea and India are: Group of answer choices different in that...

Post as a guest

Earn Coins

Add Answer to:
6. The economies of North Korea and India are: Group of answer choices different in that...