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Southern and Eastern Asia #4 Flashcards | StudBud
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Southern and Eastern Asia #4
Southern and Eastern Asia #4
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1
Skills & education that make it possible for workers to produce quality goods & services is
human capital
capital investment
capital goods
2
Countries produce goods and services they can provide best and most efficiently.
tariffs
export system
specialization
industrialize
3
The percentage of people who do not have jobs is the
economic health
unemployment rate
poverty line
literacy rate
4
Reforms after Mao's death helped China's economy but did nothing to improve ____________.
China's GDP
basic human rights
poverty
world trade relations
5
The total value of all goods and services produced in that country in one year is ___.
literacy rate
FDA
unemployment rate
GDP
6
The literacy rate of a country has a direct effect on its
economy
natural resources
standard of living
poverty rate
7
What makes Japan a world economic leader?
investment in capital goods
its vast amount of natural resources
8
One of the major agricultural products of Japan is
lumber
fish
corn
wheat
9
People who risk their own money and time to start a business are
sharks
CEOs
production managers
entrepreneurs
10
Economic decisions are based on customs, traditions, and beliefs of the past in a ____ economy.
command
traditional
markey
11
Mao Zedong organized student into an army, called the Red Guards, as part of the
national guard
martial law
Cultural Revolution
Great Leap Forward
12
The government owns most property, sets all prices, and makes all economic decisions in a ___.
market economy
traditional economy
command economy
mixed market
13
The way sellers and buyers interact in the market-place is the principle of
entrepreneurship
supply and demand
gross domestic product
hide and seek
14
When the Chinese people started having negative thoughts toward communist rule, Mao began:
rationing food
The Great Leap Forward
Tienanmen Square
the Cultural Revolution
15
China is the world leader in gross ________ output.
domestic
poultry
agricultural
industrial
16
In 1989, hundreds of student, Chinese protesters were killed by Chinese soldiers in ______
the Taj Mahal
the Chinese Embassy
India
Tienanmen Square
17
Because no countries are purely command or purely market, what does that make them?
republic
confused
communist
mixed
18
There are 4 factors of production that determine a country's GDP: natural resources, ...
standard of living, artificial resources, techonology
human capital, capital goods, entrepreneurship
climate, trade partnership, entrepreneurship
human capital, technology, literacy rate
19
The percentage of the population over the age 15 who can read and write is the
market econmy
economic value
literacy rate
GDP
20
The failures of the Great Leap Forward made Chinese people______.
plant different types of crops
lose confidence in Mao Zedong's leadership
support communism
21
Entrepreneurship is growing in China.
False
True
22
About ____ of India's land is arable.
1/2
90%
1/3
23
GDP measures ____________________ a country is.
what type of government
what type of economy
how wealthy or poor
how democratic
24
Economic decisions are made based on changes in prices that occur as buyers & sellers interact
in North Korea.
in a market economy.
in China.
in a command economy.
25
Factories, machines, equipment, property, technologies are all examples of _________.
capital goods
human capital
infrastructure
humanitarian contributions