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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Definitions:

Phenotypic Ratio

The proportion of different phenotypes observed in the offspring of a particular genetic cross.

Guinea Pigs

Small rodents often used as pets or in research as model organisms for biological studies.

Heterozygous

A genetic condition where an individual has two different alleles of a gene, one inherited from each parent, leading to variation in genetic expression.

Probability

A measure of the likelihood that an event will occur, often expressed as a numerical value between 0 and 1.