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Economics in Asia Flashcards | StudBud
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Economics in Asia
Economics in Asia
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Questions
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1
Which countries have little farmland and therfore depend on terrace farming?
China
Japan
India
Mongolia
2
Which country has very few natural resources?
United States
Japan
China
India
3
A(n) _________
is set so the countries can purchase and sell items in different countries.
exchange rate
work ethic
embargo
quota
4
American companies hiring Indian workers to do jobs that used to be done in America is ______?
outsourcing
exporting
trading
trade surplus
5
When a country exports more goods than it imports it has a(n) ___________________.
tariff
embargo
outsourcing
trade surplus
6
Who invests heavily in human capital and is known for having workers with a strong work ethic?
India
North Korea
China
Japan
7
Cars are major exports of which two Asian countries?
Japan and South Korea
India and North Korea
India and China
North Korea and China
8
Which of these countries is the closest to pure market economy?
China
India
North Korea
Japan
9
Entrepreneurship is rising dramatically in which two Asian countries?
Japan and Mongolia
India and China
North Korea and China
India and North Korea
10
Which of these countries is the closest to pure market economy?
China
North Korea
Japan
South Korea
11
Because so many people speak English, which country is a leader in technology support?
India
North Korea
Japan
China
12
Which countries have large deposits of coal?
Mongolia
Japan
India
China
13
Which two countries have the highest GDPs in Asia?
China/Japan
Japan/Mongolia
Vietnam/China
India/Vietnam
14
1/4 of North Korea's economic output goes toward what?
education
cheese
military
missles
15
Even though it has a communist government this country is on the market side of the continuum.
India
North Korea
Japan
China
16
Which country exports goods like cars and electronics and has little government control?
North Korea
China
India
Japan
17
It would be most difficult to become an entrepreneur in which Asian country?
North Korea
China
South Korea
India
18
Which of these countries is closest to a pure command economy?
China
North Korea
India
Japan