Winter final 2018b

Match it! Select the correct answer from the pull down...Good luck!

Despite having one of the largest economies in the world (based on nominal GDP) what problem faces Japan that could affect its economic growth?

Government owns the factors of production • Government answers the question of who, what and how to produce • Government eliminates choice and competition What type of economic system is described?

Why would a country want to erect trade barriers such as tariffs or quotas?

A tariff is a form of taxation on foreign products, while a quota is a ______ on imports from foreign countries.

A tariff is a tax on ___.

Which nation experienced a communist revolution in the years immediately following World War II?

Which Asian country, with a tightly controlled media and few freedoms for citizens, is described as a hereditary dictatorship?

India remained under the authority of Britain until the late 1940s when it adopted a Constitution and proclaimed itself a