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Duplicate of Economics of Southern and Eastern Asia SS7E8c, SS7E9, SS7E10abc Flashcards | StudBud
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Duplicate of Economics of Southern and Eastern Asia SS7E8c, SS7E9, SS7E10abc
Duplicate of Economics of Southern and Eastern Asia SS7E8c, SS7E9, SS7E10abc
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1
What are the 4 factors of economic growth?
humans, oil, entrepreneurship, and capital
hum. capital, capital, natural resources, entrepreneurship
human capital, tools, natural resources, & entrepreneurship
human capital, capital, coal, and businessmen
2
Which of these is an example of entrepreneurship?
idea for a new car powered by solar energy
scientist, factory worker, accountant
new robotic technology in a factory
coal mine
3
Which of these is an example of capital goods?
new robotic technology in a factory
scientist, factory worker, accountant
idea for a new car powered by solar energy
coal
4
Which of these is an example of human capital?
new robotic technology in a factory
idea for a new car powered by solar energy
coal mine
scientist, factory worker, accountant
5
The US puts a $2 fee on all silk ties coming in from Thailand. This is:
A Quota
An Embargo
A Tariff
6
Japan limits the amount of Ford SUV's coming into their country to 20,000 a year. This is:
An Embargo
A Quota
A Tariff
7
Democratic countries lean toward a _________ system. Communists lean toward a _________ system.
traditional and market
market and command
command and traditional
command and market
8
Which of these is an example of a natural resource?
new robotic technology in a factory
coal
scientist, factory worker, accountant
idea for a new car powered by solar energy
9
Most countries in the world have a _____________ economy.
Traditional
Command
Market
Mixed
10
Which two countries have the strongest economies in Southern and Eastern Asia?
China and Vietnam
South Korea and Vietnam
India and North Korea
Japan and China
11
The three basic economic systems are?
market, command, and oligarchy.
traditional, communist, and command
traditional, command, and market.
market, traditional, and monarchy.
12
India refuses to allow its citizens to trade with Pakistan. This is:
A Quota
A Tariff
An Embargo
13
How do investments in capital goods help workers?
Workers can spend more time talking.
It helps workers to be more productive.
It helps workers to become lazy.
Workers can continue to make goods the same way.
14
Why is it important for countries to invest in human capital?
It leads to a higher GDP.
It lowers taxes in a country.
It increases rules in a county.
It leads to a lower GDP.
