In a command economy, how is it determined what goods and services will be produced?

The North Korean government controls every aspect of the economy. All decisions are made by the government as to what will be produced, for whom, and how it will be produced. North Korea's economic system can MOSTLY be classified as a

· It is one of today's most successful global economies. · Its economy is the world's second largest.. · Because of its physical geography there is little land available for farming. What nation is being described?

· It is one of only a few command economies still in existence · It was the scene of widespread famine as recently as the late 1990s. · Though it has an extremely low per capita GDP, it spends the most of its budget on its military. These describe:

Unlike the economies of Japan and India, the North Korean economy

Why is a system of currency exchange necessary for international trade?

A tariff is a tax on ___.

An import quota is a

a

a

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