1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amm1812
2 years ago
12

What could explain why South​ Korea's gross domestic product​ (GDP) per capita increased so much faster since the 1970s than Nor

th​ Korea's GDP per​ capita?
A. Resource allocation in South Korea is done much more efficiently than in North Korea.
B. South Korea has been better able to solve the coordination and incentive problems.
C. South Korea has a market​ economy, while North Korea is a command economy.
D. All of the above.
Business
1 answer:
ira [324]2 years ago
4 0

Answer:

D

Explanation:

Per capita GDP measures the standard of living of the people in a country. The higher the Per capita GDP, the higher the standard of living

Per capita GDP = GDP / population

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

South Korea operates a market economy compared with North Korea. A market economy leads to greater efficiency in production when compared with a command economy.

A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions

Characteristics of a market economy

• Private ownership of means of production

• freedom of choice. Producers are free to produce what they desire

• competition among producers

• no government intervention.

A command economy is an economy where production decisions are made by the government.

You might be interested in
Seaside Developments Inc. has $200,000 of no par value 4% cumulative preferred shares, and 12,000 shares of no par value common
Yakvenalex [24]

Answer:

$8,000

Explanation:

The computation of the amount of dividend received by the preferred shareholders in year 2 is shown below:

Annual preferred dividend = Par value of preferred stock ×  Dividend rate on preferred stock

= 200,000 × 4%

= $8,000

By multiplying the par value with the dividend rate we can get the amount of dividend received and the same is shown above

6 0
3 years ago
On November 1, 2016, Cullumber Company places a new asset into service. The cost of the asset is $78500 with an estimated 10-yea
MrRissso [65]

Answer:

$7,000

Explanation:

Depreciation: The depreciation is an expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement. It is a non-cash item that does not affect the cash balance.  

The computation of the depreciation expense for 2017 is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($78,500 - $8,500) ÷ (10 years)

= ($70,000) ÷ (10 years)  

= $7,000

In this method, the depreciation is same for all the remaining useful life

3 0
3 years ago
Because the initial user account created during installation is a member of the Administrators group, it has all of the characte
Reika [66]

Answer:

False

Explanation:

Few of the characteristics of administrator account that a member of administrator group doesn't have is that an administrator account cannot be removed from administrators group, it cannot be locked out/deleted due to incorrect logon attempt and it has a blank password by default.

With this, a member of the administrator group does not have all the characteristics of the administrator account.

6 0
2 years ago
What happens when a single seller market develops into a competitive market?
Luden [163]

Answer:

Introduce new or better products to existing markets. Continue development on your existing products, like your bestsellers, in order to renew your commitment to current customers to the best of your abilities. Through product development, you can expect to outperform competitors and keep your customers happy. Explore Partnership Opportunities

6 0
2 years ago
What talents or skills do u admire most in others
ollegr [7]

Being smart and being decisive.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fi
    14·1 answer
  • Suppose that your school pays one rate for the first one million kilowatts of electricity and a lower rate for any power it uses
    8·2 answers
  • 2. Distinguish between economic and non-economic wants.
    15·1 answer
  • Your company, a leading provider of disposable diapers, wipes, and other childcare products, would like to begin a program which
    12·1 answer
  • The four general approaches that companies use to develop employees include: Question 41 options:
    15·1 answer
  • A bond has a current yield of 9% and a yield to maturity of 10%. Is the bond selling above or below par value?
    14·1 answer
  • Who is most likely to have strong strategy implementation capabilities? A. Chong advocates promoting qualified people from withi
    15·1 answer
  • Which of the following is performed by enterprise application integration?
    6·1 answer
  • Disc uses​ activity-based costing. Two of Disc​'s production activities are kitting ​(assembling the raw materials needed for ea
    5·1 answer
  • Scenario 1 Your deliveries to retail stores have not been on time lately, and neither have the departures of loaded trucks from
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!