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Unit 12-Asia Economics Test Review---Part 2
Test Description: Asia Economics
Instructions: Answer all questions to get your test result.
1) What is an embargo?
A
A limit on trade
B
A tax on goods
C
A halt to trade with a particular country for economic or political reasons
D
To stop trading with companies
2) What is human capital?
A
Training
B
Factory jobs
C
Skills and education the workers have
D
Buildings and factories
3) What is GDP?
A
Total value that factories produce
B
Total value of industries
C
Total value of educated workers
D
The total value of goods and services a country produces in a year.
4) How much of India's GDP comes from farming?
A
25%
B
100%
C
50%
D
75%
5) How does India rank in the world in terms of industrial production?
A
One of the world's leading in tourism
B
One of the world's leading in exports
C
One of the world's leading industrial countries
D
One of the world's leading in imports
6) What role does the Chinese government play in decisions made about investing in human capital?
A
The government involvement is important because China is a command economy
B
The government involvement is because China is a mixed economy
C
The government involvement is because China is a market economy
D
The government involvement is because China is a traditional economy
7) How did the Four Modernizations affect Chinese agriculture and industry?
A
Factory production went down.
B
Many factories began to increase the production of consumer goods that were easier to sell.
C
There was not affect in agriculture and industry
D
Farming production went down
8) What was the purpose of China's setting up the four Special Economic Zones?
A
To act as an industry center
B
To act as a farming center
C
To act as trade centers for global trade.
D
To act as an entrepreneur center
9) What is one of the most important ways Japan has invested in human capital?
A
Education
B
Factories
C
Global trading
D
Business
10) Which is the source of nearly all of Japan's GDP?
A
Tourism
B
Farming
C
Factories
D
Industry and services
11) What are capital goods?
A
Entrepreneurs
B
Job training
C
Factories and machines
D
Services
12) Why is investment in capital goods important for a country like Japan?
A
Entrepreneurs
B
Japan's economy depends heavily on industry and must be modern to be competitive
C
Increased training
D
Increased jobs
13) India must invest in capital goods to help overcome with problems?
A
Lack of education
B
Lack of investment
C
overpopulation and poverty
D
Strict government
14) Investment in capital goods has helped China do well in which world market?
A
training
B
consumer goods
C
entrepreneurs
D
services
15) Which is the role of natural resources in India and China?
A
Factories
B
Fueling industry
C
Goods and services
D
Textiles
*select an answer for all questions
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