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

A) In North Korea, the government's control of the economy has begun to loosen.

B) In Cuba, the government maintains a tight hold over the economy.

C) In Cuba, the government's control of the economy has begun to loosen.

D) In North Korea, the government maintains a tight hold over the economy.

E) In North Korea, there is economic uncertainty in exchange for individual choice.

F) In Cuba, there is economic security in exchange for government control.

G) In Cuba, there is economic uncertainty in exchange for individual choice.

F) In North Korea, there is economic security in exchange for government control.

Question

Business

Jeffery Galvan

23 October, 14:00

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

A) In North Korea, the government's control of the economy has begun to loosen.

B) In Cuba, the government maintains a tight hold over the economy.

C) In Cuba, the government's control of the economy has begun to loosen.

D) In North Korea, the government maintains a tight hold over the economy.

E) In North Korea, there is economic uncertainty in exchange for individual choice.

F) In Cuba, there is economic security in exchange for government control.

G) In Cuba, there is economic uncertainty in exchange for individual choice.

F) In North Korea, there is economic security in exchange for government control.

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Answers (1)

Know the Answer?

Emiliano Benjamin · Answer 1

The correct answer is C) In Cuba, the government's control of the economy has begun to loosen.

Explanation:

Cuba has implemented reforms that allows a few private entreprises to run in the country. It also allows people to hold foreign currency, which come especially from remittances from Florida. In North Korea, on the other hand, citizens cannot hold foreign currency, and those few who earn it, have to report it to the government, and in North Korea, private property is non-existant.