86.2k views
2 votes
All of the following countries come close to the free market benchmark except:

(a) Singapore

(b) Canada

(c) North Korea

(d) Germany

User Arion
by
7.1k points

1 Answer

2 votes

Final answer:

Among the given countries, North Korea does not come close to the free market benchmark as it operates under a strict command economy.

Step-by-step explanation:

The student's question seeks to identify which among the listed countries does not closely follow a free market economy. According to the 2016 Heritage Foundation's Index of Economic Freedom report and real-world economic observations, most countries have mixed economies that combine market, command, and sometimes traditional elements. While Singapore, Canada, and Germany have market-based approaches and are considered relatively free in terms of economic systems, North Korea stands out as the exception. It operates under a command economy where the government makes all economic decisions and does not align with the free market benchmark.

User SethMW
by
8.5k points