SEA Econ Review 1: Question Preview (ID: 24308)


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What was a major cause of water pollution due to new fertilizers and pesticides in India?
a) Great Leap Forward b) Capital Goods c) Human Capital d) Green Revolution
Which is not one of the basic economic questions?
a) What to produce? b) How much to charge for it? c) How to produce it? d) Who to produce it for?
This country has the most technologically advanced economy in the world:
a) North Korea b) India c) China d) Japan
Which country has the ability to provide enough food for the people?
a) North Korea b) China c) India d) None of the above
What type of economic system is found in North Korea
a) Traditional b) Command c) Market d) Mi
A specific amount (or limit) of goods that a country imports:
a) Embargo b) Tariff c) Quota d) Specialization
A refusal to trade with another country, usually for political reasons
a) Embargo b) Tariff c) Quota d) Specialization
Economic system where decisions are made based on custom and habit
a) Traditional b) Command c) Market d) Mixed
Someone willing to take a risk and start a new business or create a product
a) Human Capital b) Capital Goods c) Entrepreneur d) Gross Domestic Product
Investments in factories, machines, technology, and vehicles are called....
a) Human Capital b) Capital Goods c) Entrepreneur d) Gross Domestic Product
Producing those products and services that your country makes best or most easily.
a) Embargo b) Tariff c) Quota d) Specialization
This country has an economy where the government makes all of the decisions and owns nearly all the factories and land.
a) North Korea b) India c) China d) Japan
This makes trade possible between two countries with different types of money.
a) Gross Domestic Product b) Standard of Living c) Exchange Rate d) Human Capital
China's economy has changed from a ___________ to a ________________ economy.
a) Traditional, Market b) Market, Command c) Command, Market d) Command, Traditional
India has a focused on education their workforce. This is an example of ______________
a) Human Capital b) Capital Goods c) Entrepreneur d) Gross Domestic Product
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