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SE Asia Economics Flashcards | StudBud
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SE Asia Economics
SE Asia Economics
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Questions
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Answers
1
Whatpercentage of India’s GDP comes from farming?
25%
60%
50%
35%
2
About how many movies does India make each year?
800
500
700
300
3
What is the name of China's currency?
Yen
Rupee
Kim-Jong Un
Yuan Renminbi
4
Which country is number one in the telecommunications industry?
India
North Korea
Japan
China
5
What does Kim-Jong On focus most of the money for North Korea on?
Government
Farming
Military
Businesses
6
____________________________makes most of the economic decisions in North Korea.
The legislature
The Military
Kim Jong-Un
The citizens
7
An_________________________ is a person who has possession of a business.
President
Command Economy
Entrepreneur
Citizen
8
What is a
tax
imported on goods?
Embargo
Quota
Tariff
Specialization
9
What is a traditional economy?
producers and consumers and the government have control.
an economy that relies on producers and consumers alone.
an economy that follows customs and traditions.
an economy where the government makes all the decisions.
10
What is a market economy?
an economy where producers and consumers have control.
an economy where the government makes the decisions.
producers and consumers and the government have control.
an economy based on rituals and customs.
11
Skills and knowledge gained by a worker through education and experience is called____________.
Entrepreneur
Specialization
Human Capital
Capital Goods
12
What is the name of Japan's currency?
Yan Renminbi
Rand
Yen
Rupee
13
Factories,machinery, tools, equipment, and buildings which are used to produce products:_______
Specialization
Human Capital
Entreprenuer
Capital Goods
14
A _____is a tax that protects items that are the same and made locally from being sold cheaper.
Tariff
Quota
Protective Tariff
Overspecialization
15
Something found naturally in the environment that people need is a _____________________.
flock of sheep
acid rain
irrigation tool
natural resource
16
In North Korea, poor decisions and practices in farming and agriculture have led to __________.
Military Uprising
Suicide
Starvation
Low Literacy Rates
17
A law or policy that completely
blocks
and
prohibits
goods being imported: __________.
Tax
Quota
Embargo
Tariff
18
What is a command economy?
an economy based on rituals and customs.
producers and consumers and the government have control.
producers and consumers have control.
the government makes the decisions.
19
__________________________ is when each country makes money for something which it is good at.
Specialization
Human Capital
Globalization
Trade
20
What is a mixed economy?
an economy based on customs and rituals.
producers and consumers and the government have control.
producers and consumers have control.
the government makes all the decisions.
21
Which country exports high-quality automobiles, televisions, cameras and CD players?
Japan
China
North Korea
India
22
India's currency is called the ______________.
Rand
Yen
Dollar
Rupee
23
What percentage makes up India's farmers?
85%
60%
65%
70%
24
____________ exports satellites, toys, and rockets.
India
North Korea
China
Japan
25
What is a
limit
on the quantity of goods placed on trading of imports or exports?
Tax
Tariff
Quota
Embargo
