Which statement best describes a comparison between East Asian economic systems?
(1 point)
Responses
China's ecomomy is purely market based and Japan's economy is purely command.
China's ecomomy is purely market based and Japan's economy is purely command.
China's economy is purely command, and Japan's is purely market.
China's economy is purely command, and Japan's is purely market.
Taiwan's economy is less market based than that of North Korea
Taiwan's economy is less market based than that of North Korea
North Korea has a more purely command economic system than China.
North Korea has a more purely command economic system than China.
The correct statement would be: China's economy is purely command, and Japan's economy is purely market.
To answer this question, we need to compare the economic systems of different East Asian countries. Let's go through each statement one by one:
Statement 1: "China's economy is purely market based and Japan's economy is purely command."
To verify this statement, you can research the economic systems of China and Japan. Look for information on whether their economies are predominantly market-based or command-based. You can check reputable sources such as government economic reports, economic journals, or academic articles. Comparing these sources will provide a clear understanding of each country's economic system.
Statement 2: "China's economy is purely command, and Japan's is purely market."
Similarly, you can research the economic systems of China and Japan to determine if this statement is correct. Again, consult reliable sources to gather information on the degree of market or command influence in each country's economy.
Statement 3: "Taiwan's economy is less market based than that of North Korea."
To evaluate this statement, you would need to compare the market orientation of Taiwan and North Korea's economies. Research the economic policies, regulations, and government involvement in each country to determine the degree of market influence. Like before, consult credible sources for accurate information.
Statement 4: "North Korea has a more purely command economic system than China."
To assess this statement, you would need to compare the level of command economy in North Korea and China. Look for information on the government's control over resources, decision-making processes, and central planning systems in each country. Reputable sources can provide you with the necessary data to substantiate or refute this statement.
Remember that the accuracy of these statements can vary. Always rely on reliable sources and cross-reference the information to ensure you make an informed comparison between East Asian economic systems.