Analyze a chart which statement best describes a comparison between east Asian economic systems
Command economy
North Korea
China
Mixed Economy
Mongolia
Japan, South Korea, Taiwan
Market economy
Responses:
A. China’s economy is purely market-based, and Japan’s economy is purely command.
B. China’s economy is purely command, and Japan is purely market.
C. Taiwan economy is less market than that of North Korea.
D. North Korea has a more purely command economic system, then China
The best statement that describes a comparison between east Asian economic systems is D. "North Korea has a more purely command economic system than China." This statement correctly acknowledges that North Korea has a stronger command economy compared to China. However, it does not provide any information about the other countries or their economic systems. Therefore, it cannot be accurately compared to options A, B, or C.
To analyze the chart and determine the best statement that describes a comparison between East Asian economic systems, let's break down the information provided:
1. Command Economy:
- North Korea
- China
2. Mixed Economy:
- Mongolia
- Japan
- South Korea
- Taiwan
3. Market Economy:
Now, based on this information, let's evaluate the statements provided:
A. China's economy is purely market-based, and Japan's economy is purely command.
- This statement is not accurate because the chart does not indicate that either economy is purely one type. China is listed as a command economy, not a market economy.
B. China's economy is purely command, and Japan is purely market.
- This statement is also not accurate. The chart does not indicate that Japan's economy is purely market-based.
C. Taiwan's economy is less market than that of North Korea.
- This statement is incorrect. The chart does not provide any information to support this comparison between Taiwan and North Korea in terms of market-oriented economies.
D. North Korea has a more purely command economic system than China.
- This statement is the most accurate and supported by the information in the chart. North Korea is listed as a command economy, whereas China is also listed as a command economy but with a larger market influence and a mix of elements.
Therefore, the correct statement that best describes a comparison between East Asian economic systems, based on the given chart, is:
D. North Korea has a more purely command economic system than China.
To analyze the chart and compare the economic systems in East Asia, let's examine the information provided:
1. Command Economy:
- North Korea
- China
2. Mixed Economy:
- Mongolia
3. Market Economy:
- Japan
- South Korea
- Taiwan
Based on this information, we can determine the following statement to be the most accurate:
D. North Korea has a more purely command economic system than China.
This statement is supported by the fact that North Korea is listed solely under the command economy category, while China is listed under both the command economy and market economy categories. Therefore, North Korea is more purely command-oriented compared to China.