The reason why the differences in the growth stories of North Korea and South Korea can be viewed approximately as a natural experiment or an experiment of history is that:

A) institutions in both countries was changing radically, while geography and culture remained largely unchanged.
B) culture in both countries was changing radically, while geography and institutions remained largely unchanged.
C) geography in both countries was changing radically, while culture and institutions remained largely unchanged.
D) institutions, geography, and culture in both countries were changing radically.

A

Economics

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The form of economic organization in which productive resources are privately owned by individuals, and those individuals independently decide what to produce is called

A) communism. B) capitalism. C) socialism. D) utilitarianism.

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Refer to the scenario above. The principal in this case is ________

A) $10 B) $300 C) $3,000 D) $3,300

Economics