Why Does South Korea Have a Higher Level of Physical

question 120

Multiple Choice

Why does South Korea have a higher level of physical and human capital than North Korea? I. Markets constitute much more of the primary organizations of economic activity in South Korea than they do in North Korea. II. Economic incentives are better installed in South Korea. III. South Korea has a different culture from North Korea.

• A) I only
• B) II only
• C) III only
• D) I and II only

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Definitions:

Low-Income Countries

Countries classified as low-income have significantly lower GDP per capita compared to the global average, often indicating limited economic development.

Malnutrition

A condition that results from eating a diet in which one or more nutrients are either not enough or are too much, leading to health problems.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects aimed at reducing poverty.

Economic Development Institution

Organizations, either governmental or non-governmental, focused on promoting economic development and growth by providing support, resources, and policies to stimulate economic activities.