Economic Systems — Quiz

Question 6 • Economics

How does the economy of Cuba differ from the economy of North Korea?

Answer

In Cuba, there is economic uncertainty in exchange for individual choice. In North Korea, there is economic security in exchange for government control.

In North Korea, there is economic uncertainty in exchange for individual choice. In Cuba, there is economic security in exchange for government control.

In Cuba, the government’s control of the economy has begun to loosen. In North Korea, the government maintains a tight hold over the economy.

In North Korea, the government’s control of the economy has begun to loosen. In Cuba, the government maintains a tight hold over the economy.

Explanation

Cuba has allowed some private businesses and economic activity, so government control has begun to loosen. North Korea maintains tight government control over most economic activity. Therefore, the correct choice is D: Cuba’s control has begun to loosen, while North Korea’s remains tight.

AI-written and checked against the verified answer.

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