One of the countries that Megan Mulcahy wants to enter is North Korea. You explain to her that North Korea is a ________ economy because economic decisions are planned by a central government.
A) tourist
B) planned
C) free market
D) focused
E) differentiated

Question

Quizplus · Accepted Answer

North Korea is known for its strict communist regime, where the central government controls all economic decisions, including production and distribution of goods and services. This type of economy is commonly referred to as a planned economy.

One of the Countries That Megan Mulcahy Wants to Enter