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SE Asia Economics
Test Description: Review for test
Instructions: Answer all questions to get your test result.
1) Which characteristic is PRIMARILY associated with a command economy?
A
competition among suppliers in the market
B
free access to the marketplace for producers
C
competition in the marketplace to provide consumer choice
D
decisions made by the government regarding what will be produced
2) Which nation's economy could be best described as a command economy?
A
India
B
CHina
C
North Korea
D
Japan
3) Which country could be described as having one of the strongest mixed economies in the world?
A
China
B
Japan
C
India
D
North Korea
4) Which country is being described? One of the few command economies in the world, widespread famine and food problems, extremely low per capita income of $1800 per year.
A
India
B
North Korea
C
China
D
Japan
5) Which country is being described? One of the most successful economies in the world, very large GDP, little land available for farming so country relies on fishing and extremely developed technology
A
China
B
Japan
C
North Korea
D
India
6) Which country is being described? Has a mixed economy, relies heavily on agriculture and some manufacturing, country still struggles to provide enough food for its people
A
Japan
B
China
C
North Korea
D
India
7) What country is being described? Former command economy that is now a mixed market economy, produces a large amount of manufacturing products, does not have a large amount of arable land
A
North Korea
B
Japan
C
China
D
India
8) Arable land refers to
A
the amount of land used for farming
B
the amount of land used for schools
C
the amount of land used for manufacturing
D
the amount of land used for transportation
9) This country reports a literacy rate of 100% but people question this statistic
A
India
B
China
C
North Korea
D
Japan
10) This country has the fourth largest coal reserve in the world
A
India
B
China
C
North Korea
D
Japan
11) This country has a large service industry
A
India
B
China
C
North Korea
D
Japan
12) Though this country has a low literacy rate, it is because many older people cannot read
A
China
B
India
C
North Korea
D
Japan
13) This country must import a large number of natural resources because they do not have much in country
A
China
B
Japan
C
North Korea
D
India
14) This country uses terrace farming
A
Japan
B
China
C
India
D
North Korea
15) This country specializes in advanced car technology
A
North Korea
B
Japan
C
India
D
China
16) This country has no available data regarding the unemployment rate or people living below the poverty line
A
India
B
Japan
C
North Korea
D
China
17) This country focuses on human capital and therefore has a high literacy rate
A
India
B
Japan
C
CHina
D
North Korea
18) The literacy rate demonstrates how many people below the age of 15 can
A
produce farming products
B
program a computer
C
write
D
read
19) On the economic continuum, this country demonstrate the highest degree of economic freedom
A
India
B
Japan
C
North Korea
D
China
20) This country requires families to work on cooperative farms and have little to no control over what is grown
A
India
B
Japan
C
China
D
North Korea
*select an answer for all questions
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