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Review of SS7CG4 & 7E7 - Flashcards | StudBud

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Which country is called the "land of entrepreneurs"

What are the 3 types of economic systems?

Review of SS7CG4 & 7E7 -

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Answers

1
What are the 3 types of economic systems?
Traditional, mixed, and market
Traditional, command, and market
Mixed, command, and market
Traditional, command, and mixed
2
Which country is called the "land of entrepreneurs"
Africa
China
Japan
North Korea
3
What is capital goods?
knowledge/skills workers have to earn a living producing goods/services.
goods produced by the workers
factories, machines, and technology that people use to make products.
The value of all goods and services.
4
Which country in SE Asia has a presidential democracy as their form of government?
Japan
South Korea
Asia
North Korea
5
What is human capital?
knowledge/skills workers have to earn a living producing goods/services.
factories, machines, and technology that people use to make products.
The gross mount of money make during a pay period.
money made by the workers
6
What is literacy rate?
the ability to read 175 words per minute
the rate that one is literate
the ability to read and write
The ability to type quickly
7
What 2 countries in SE Asia have a parliamentary democracy as a form of government?
China and North Korea
Japan and India
South Korea and Japan
Asia and Africa
8
What 2 countries in SE Asia have an association with communion?
India and Japan
China and Korea Korea
Japan and South Korea
India and Asia
9
Companies & countries that invest in human capital are most likely to have profitable businesses and satisfied workers.
False
True
10
China is the fastest growing economy in the world.
True
False