Southern and Eastern Asia Summative Assessment 3

Question 1

Materials or substances that occur in nature and can be used for economic gain

Accepted Answer

Natural Resources

Question 2

the skills and knowledge gained by a worker through education and experience

Accepted Answer

Human capital

Question 3

Type of Government - South Korea

Accepted Answer

Parliamentary Democracy (Republic)

Question 4

Supply and Demand

Accepted Answer

Market

Question 5

One of the strongest mixed markets in the world

Accepted Answer

Japan

Question 6

Power of One

Accepted Answer

Autocracy

Question 7

What is given up when a choice is made to specialize

Accepted Answer

Opportunity Cost

Question 8

Type of Government - India

Accepted Answer

Parliamentary Democracy

Question 9

The sum total of the value of all the goods and services produced in a nation

Accepted Answer

gross domestic Product (gdp)

Question 10

All is shared- Supposedly

Accepted Answer

Communism

Question 11

Type of Government - China

Accepted Answer

Communist

Question 12

India began a mixed market economy in...

Accepted Answer

1991

Question 13

Rule by the People

Accepted Answer

Democracy

Question 14

Tax on imported goods

Accepted Answer

Tariff

Question 15

Head of state/president elected by the legislature

Accepted Answer

Parliamentary

Question 16

Leader responsible for Communism in China

Accepted Answer

Mao Zedong

Question 17

Buildings, machines, technology, and tools needed to produce goods and services.

Accepted Answer

capital goods

Question 18

Ho Chi Minh: Vietnam :: _________:India

Accepted Answer

Mohandas Gandhi

Question 19

Type of Government - Japan

Accepted Answer

Parliamentary Democracy

Question 20

Restrict trade

Accepted Answer

Embargo

Question 21

Develop a modern economy in China

Accepted Answer

Great Leap Forward

Question 22

Ancestors, they way it's always been done

Accepted Answer

Traditional

Question 23

Moved from command to mixed over the course of the past 20 years

Accepted Answer

China

Question 24

Efficient production. Lowers cost. Encourages trade.

Accepted Answer

Specialization

Question 25

Regulate amount

Accepted Answer

Quota

Question 26

Government Control

Accepted Answer

Command

Question 27

Rule by Few

Accepted Answer

Oligarchy

Question 28

US involvement in Korea and Vietnam

Accepted Answer

Containment

Question 29

Give help to individuals or companies

Accepted Answer

Subsidy

Question 30

Type of Government - North Korea

Accepted Answer

Autocracy

Southern and Eastern Asia Summative Assessment 3

Questions 30

Southern and Eastern Asia Summative Assessment 3

Questions 30