Answer:
North Korean economy is centralized planned economy, North Korean economic activity is control by its government and its majority of economic budget is received by North Korean military.
Explanation:
North Korean economy is based on a centrally planned arrangement, where the purpose of market allocation plans is restricted, although rising. As of 2020, North Korea remains its basic adherence to a centralized command economy.
North Korea's economy is strictly commanded by its government. the state regulates all means of production, and the government establishes preferences and importance in economic growth.
North Korean military received the majority of its country's budget because of ongoing tension between the South and North Korea and of-course because of North Korea's nuclear missiles programs.
Explanation:
Why is the free enterprise system subject to business cycles? Because individuals and businesses acting in their own self-interest make economic decisions about factors such as prices, production, and consumption. ... It fixes prices for products.
C is your answer and I hope it helps you!
Answer:
For Andy, it is a specialty good
For Joanne, it is a convenience good
Explanation:
The specialty goods incur special purchasing efforts and the items posses some special features. The buyers are willing to spend a lot of time & money to buy them just as in the case of Andy while convenience goods are items which are bought frequently, immediately and with minimum shopping efforts and no particular regard for brand as in the case of Joanne.
