Https://youtu. be/5-fYte8dE2M 1. What have you learned from the video clip presentation?

2. How was the North Korean government responded to the three main economic questions:

a. What to produce? (what kind of goods and services should be produced?)

b. How to produce? (what productive resources are used to produce goods and services?)

c. For whom to produce? (who gets to have goods and services?)

3. In your own thinking, what type of economy does North Korea have? List down below the advantages and disadvantages of this type of economy.