What Similarities Do North And South Korea Have? Both North and South Korea share the Demilitarized Zone, which is the border between the two countries. North Korea’s government is strict, and almost controls every thing including investment, trade, visitors, internet, religion, traffic, and food/clothing. Is North Korea and South Korea same? Korea, or the Korean
Which Of The Following Can Be Used By Economists To Define And/or Measure Economic Growth? Which of the following can be used by economists to define and/or measure economic growth? Gross domestic product is the best way to measure economic growth. It takes into account the country’s entire economic output. It includes all goods and
Who Decides In A Traditional Economy? In an traditional economy individuals and tribes make the decisions. Often these decisions are based on customs, traditions, and religious beliefs. How are decisions made in a traditional economy? Also known as a subsistence economy, a traditional economy is defined by bartering and trading. … Traditional economies may be
What Was The Fastest Growing Colony? Pennsylvania was the fastest growing colony of the 1700s—and the most expansively diverse, commercially successful, perhaps best governed, and, as often lauded by its poets, the most confident of its future. What was one of the fastest growing places in the colonies? Why did Philadelphia become the fastest growing
What Type Of System Is Capitalism? Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy. What system is capitalism?
What Technology Might We Have In The Future? In the year 2050, technology will dominate the workplace with artificial intelligence and smart assistants being commonplace, while the use of augmented and virtual reality continues to increase. Everything will be ‘smart’ – connected and data-driven. What technology will we have in 2050? In the year 2050,
Why Is The Slow Growth That Can Result From A Contractionary Policy A Positive Effect Quizlet? Why is the slow growth that can result from a contractionary policy a positive effect? It can increase interest rates. It can decrease available credit. Which of these practices describe how producers in oligopolies generally try to create competition
Where Does The Money From The EU Go? The largest share of the EU budget (around 70% for the period 2014-2020) goes to agriculture and regional development. During the period 2014–2020, the share of EU spending on farming is set at 39%. In 1985, 70% was spent on farming. What does EU funding do? A
Why Is The United States Considered A Postindustrial Economy? A post-industrial society is born on the heels of an industrialized society during which time goods were mass-produced utilizing machinery. Post-industrialization exists in Europe, Japan, and the United States, and the U.S. was the first country with more than 50 percent of its workers employed in
Where Economic Decisions Are Made According To Customs? A command economy is where a central government makes all economic decisions. Either the government or a collective owns the land and the means of production. It doesn’t rely on the laws of supply and demand that operate in a market economy. A command economy also ignores