The three basic economic systems are?

traditional, command, and market.

How do investments in capital goods help workers?

It helps workers to be more productive.

Which of these is an example of entrepreneurship?

idea for a new car powered by solar energy

Which of these is an example of capital goods?

new robotic technology in a factory

Which of these is an example of human capital?

scientist, factory worker, accountant

What are the 4 factors of economic growth?

hum. capital, capital, natural resources, entrepreneurship

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Duplicate of Economics of Southern and Eastern Asia SS7E8c, SS7E9, SS7E10abc

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Questions 15

Answers

1
Why is it important for countries to invest in human capital?
It lowers taxes in a country.
It increases rules in a county.
It leads to a lower GDP.
It leads to a higher GDP.
2
Which of these is an example of a natural resource?
new robotic technology in a factory
idea for a new car powered by solar energy
coal
scientist, factory worker, accountant
3
The three basic economic systems are?
traditional, command, and market.
market, traditional, and monarchy.
market, command, and oligarchy.
traditional, communist, and command
4
How do investments in capital goods help workers?
Workers can spend more time talking.
It helps workers to be more productive.
Workers can continue to make goods the same way.
It helps workers to become lazy.
5
Which of these is an example of entrepreneurship?
idea for a new car powered by solar energy
new robotic technology in a factory
coal mine
scientist, factory worker, accountant
6
The US puts a $2 fee on all silk ties coming in from Thailand. This is:
A Quota
An Embargo
A Tariff
7
Most countries in the world have a _____________ economy.
Market
Traditional
Mixed
Command
8
India refuses to allow its citizens to trade with Pakistan. This is:
A Quota
An Embargo
A Tariff
9
Which two countries have the strongest economies in Southern and Eastern Asia?
China and Vietnam
Japan and China
India and North Korea
South Korea and Vietnam
10
Whatis GDP?
gross dusty products
overall health of a country’s peanut economy
C+I+G+(X-M)
the wealthiest economies in SE Asia
11
Japan limits the amount of Ford SUV's coming into their country to 20,000 a year. This is:
A Tariff
An Embargo
A Quota
12
Which of these is an example of capital goods?
coal
new robotic technology in a factory
idea for a new car powered by solar energy
scientist, factory worker, accountant
13
Which of these is an example of human capital?
idea for a new car powered by solar energy
new robotic technology in a factory
coal mine
scientist, factory worker, accountant
14
What are the 4 factors of economic growth?
hum. capital, capital, natural resources, entrepreneurship
human capital, tools, natural resources, & entrepreneurship
human capital, capital, coal, and businessmen
humans, oil, entrepreneurship, and capital
15
Democratic countries lean toward a _________ system. Communists lean toward a _________ system.
command and traditional
command and market
traditional and market
market and command

Duplicate of Economics of Southern and Eastern Asia SS7E8c, SS7E9, SS7E10abc Flashcards | StudBud