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Business, 17.07.2021 04:10 soccerjessie8701
What could explain why South Korea's gross domestic product (GDP) per capita increased so much faster since the 1970s than North 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.
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