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S/SE Asia Economies Flashcards | StudBud
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S/SE Asia Economies
S/SE Asia Economies
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Play this Quiz! and get prepared for your S/SE Asia Economies test!
Flashcards
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Questions
20
Answers
1
The South Korean economy can BEST be described as
a subsistence economy
a barter economy
a centrally planned economy
a market-driven economy
2
The higher an individual's literacy rate, the higher the person's _______________ is likely to be.
capital goods
standard of living
GDP
market types
3
Which country below has had the fastest economic growth in recent years and is the 2nd largest economy?
Japan
India
China
North Korea
4
Which country has seen rapid growth and GDP is about the size of the United State's GDP?
China
India
Japan
North Korea
5
Which country has had steady economic growth after being rebuilt after WW2 even though they have few natural resources?
Japan
China
North Korea
India
6
Which country's economy is 57% free and 43% command?
South Korea
Japan
India
China
7
Which country's economy is only 5% free and is 95% controlled?
North Korea
South Korea
Japan
China
8
Which country's economy is 70% free and 30% command?
South Korea
Japan
China
India
9
Japan has a long coastlines and little arable land, therefore Japan
relies on natural resources found in the ocean.
restricts the sale of seafood to other countries.
heavily restricts fishing in order to protect its resources.
limits imports from countries with similar resources.
10
Which of the following BEST describes how China's GDP has changed as more citizens have completed higher education?
China's GDP has stabilized.
China's GDP has decreased.
China's GDP has increased.
China's GDP has fluctuated.
11
Which of the following is NOT one of the three economic questions that must be answered?
What goods/services will be produced?
Where will goods/services be made?
How will goods/services be produced?
Who will consume the goods/services?
12
What form of economy do MOST countries in Asia have?
mixed economies
traditional economies
pure command economies
pure market economies
13
Which country would you expect to see the MOST government control in the economy?
India
North Korea
China
Japan
14
Which country has a large population of English speaking citizens and are the 7th largest economy in the world.
China
India
South Korea
North Korea
15
Which Asian nation's economy suffers because it cannot sell its natural resources in world markets?
Japan
China
North Korea
South Korea
16
What is a characteristic of a pure market economy?
a central planning committee
a lack of government regulations
a reliance on subsistence farming
a high rate of taxation
17
Which country has an economy that is 53% free and 47% command?
China
India
South Korea
Japan
18
What step shows that China is moving towards a more market economy?
government controlling the oil industry
government charging high taxes to pay for infrastructure
government censoring digital content
government allowing farmers to make their own decisions
19
Which country's economy is 74% free and 26% command?
China
South Korea
India
North Korea
20
What plays the biggest role in determining the answers to the basic economic questions in a traditional economy?
government planning
custom and tradition
supply and demand
entrepreneurship
