Flash Cards (current)
Games
Teachers

SE Asia Economies

Test Description: SE Asia Economies

Instructions: Answer all questions to get your test result.

1) In a traditional economy, how are economic decisions made?

Agovernment planners Bcustom and habit Cconsumers and the market Dcombination of consumers and government planners

2) Which of the following would be a problem for a country with a traditional economy?

AA farmer having an especially good year with lots of grain to trade BPeople need things and are unable to barter to obtain them CThe supply of cash runs short in times of economic crises DPeople find they can trade services more easily than they can trade goods

3) In a command economy, how are economic decisions made?

AGovernment planners Bconsumers and the market Ccombination of consumers and the market Dcustom and habit

4) In a market economy, how are economic decisions made?

Aconsumers and the market Bcustom and habit Cgovernment planners DIndividuals

5) Who takes on the financial risk in starting a new business in a market economy?

Aconsumers Bgovernment planners Cindividual business people Dcombination of government planners and individual investors

6) Why do most economies in the world today operate somewhere in between a market economy and a command economy?

AMost consumers prefer government control to a free market system. BMost economies have found they need a combination of free market and some government control CGovernment control makes a market economy more profitable. DGovernment control of some aspects of the economy have never been successful in the modern world.

7) Which of our focus countries has more of a command economy?

AIndia BNorth Korea CJapan DChina

8) Which of our focus countries has more of a market economy than the others?

AChina BIndia CJapan DNorth Korea

9) In what industry do about 50% of China'a population work?

Afarming Btoys Csatellites Drockets

10) About 60% of India's population do this for a living?

Afarming Bmake movies in Bollywood CEngineers and computer science Dtelecommunications

*select an answer for all questions

Play Games with the Questions Above

WAIT! Find what you needed?

Still Looking for the Answers? Have Another Question? Play a Review Game with These Questions? Want to Make Your Own Test Like This One?