Economic Systems

Question 6 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

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

Answer

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.

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

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

Explanation

Cuba has introduced some economic reforms that allow more private activity, so the government’s control has begun to loosen. North Korea still maintains tight government control over most economic activity. That makes D the best comparison; it does not mean Cuba’s economy is fully free or North Korea’s economy is secure.

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