In: Economics
Instructions: Answer each of the following questions, using whatever resources you need to determine the answer. When an online resource is used, especially for conservativsm, please include a link or citation to the relevant source. Each answer will be at least a few sentences.
Following are several pairs of theories used to explain various phenomena. For each pair, determine (1) which theory is simpler and (2) which one is more conservative.
Phenomenon: The sudden friendliness of the North Korean government toward the U.S.
Theory 1: A big change in the leadership of the government.
Theory 2: North Korea's realization that democratic capitalism is the way to go.
Sudden friendliness of the north korean government towards the us:[a]. 'a big change in the leadership of government can be simpler',because recently in 2018 there was a sanction meeting held in singapore where both us and north korea participates,both state agrees to maintain peace and security,destroy border disputes.this treaty helps to indroduce new friendship between the two states.new nuclear deal between the states started to develop good military setup.due to this meet big change in the leadership is possible in simpler way.[b]theory 2 is more conservative one.north korean realization on their cultural and traditional values are complex.the respect of capitalists democracy such as right to personal life,freedom of speech,association etc are not followed in north korea.the economy here is centrally planned and controlled by the state.it is command economy ,some of thecommunist countries followed this economy.more overally state have major deals in economy. refer : new york times article for detailed analysis