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How Are the Fundamental Economic Decisions Determined in North Korea

Question 134

Multiple Choice

How are the fundamental economic decisions determined in North Korea?


A) Individuals, firms, and the government interact in a market to make these economic decisions.
B) These decisions are made by the country's elders who have had much experience in answering these questions.
C) The government decides because North Korea is a centrally planned economy.
D) The United Nations decides because North Korea is a developing economy.

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