government
What is the form of gov in North Korea
Autocratic
North Korea currency?
Won
In command economies, major industries are regulated by supply and demand. T OR F
false
t or f A high literacy rate indicates a higher human capital.
true
What is the form of gov in Japan
Parliamentary
Does North Korea trade?
Yes but very limited
what are the three basic questions?
What to produce, how to produce, for whom to produce.
who has the highest standard of living?
japan
What is the form of gov in South Korea
Presidential
what is the most effective way to get another country to do something?
embargo
t or f In mixed economies, the government regulates industries to protect workers
true
what is the Japan legislature called?
diet
What is the form of gov in India
Parliamentary
a limit on the about of goods being imported into a country
does India favor market or command
market
How are the three basic economic questions answered in a market economy?
supply and demand
What is the form of gov in China
Autocratic
no country can produce all the goods it needs effectively.
Is South Korea command or market leaning
market
what is an entrepreneur?
person takes a risk to create a product or start a business