Economics(Long Question)

2007-04-09 11:43 pm

1.`In a command economy, the government owns all productive resources and consumer goods!’ Ture or false? Explain your answer briefly.
2.Compare a privately-owned factor in the United States and a typical stated-owned factory in North Korea in terms of the following:
a.ownership of productive resources;and
b.decision-making on method of production.
3 Is Hong Kong an example of a market economy or mixed economy?Explain

回答 (1)

loveanimals

2007-04-10 11:38 pm

✔ 最佳答案

1. True, because the nature of a command economy is that the government control and own all the resources.

2a and 2b. In the US, the ownership of resources and the decision making is control by the owner himself, and are not interfere by the government at all, while in N. Korea, those things are own and control strictly by the government.

3. HK is a market economy because the government does not interfere the activities of their residents.

Are you a F5 student??All the answers should be in the textbook as i remember. Email me if the answers are not clear.

參考: me

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