Question

Economic systems embraced by governments around the world change all the time. Select one: True False

Answer 1

The statement is: False.

Step-by-step explanation:

Economic systems driven by the government are called command economies. In these types of economies, the government rules the supply of production and the price. There is little to no incentive for individuals to innovate since all the decisions will be made by the central government eventually.

This economic system is characteristic of communist or socialist states such as China, North Korea, and Cuba. Command economies tend to be the same over time only with some adjustments made.

Answer 2

False

Step-by-step explanation:

The economic systems are hard to change even, when the result are quite clear. For Cuba North Korea and other, to embrace socialism a revolution / war occrur. To leave communinst economy the soviet union had to be compeltely broken in every other aspect as well. Government do not change their foundation every once in a while.

To change their economic and political system countries pretty much have to go through tears and blood.