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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 tax on goods
B
To stop trading with companies
C
A halt to trade with a particular country for economic or political reasons
D
A limit on trade
2) What is human capital?
A
Skills and education the workers have
B
Training
C
Factory jobs
D
Buildings and factories
3) What is GDP?
A
Total value of industries
B
Total value of educated workers
C
The total value of goods and services a country produces in a year.
D
Total value that factories produce
4) How much of India's GDP comes from farming?
A
100%
B
50%
C
25%
D
75%
5) How does India rank in the world in terms of industrial production?
A
One of the world's leading industrial countries
B
One of the world's leading in exports
C
One of the world's leading in imports
D
One of the world's leading in tourism
6) What role does the Chinese government play in decisions made about investing in human capital?
A
The government involvement is because China is a market economy
B
The government involvement is because China is a mixed economy
C
The government involvement is important because China is a command 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 entrepreneur center
B
To act as trade centers for global trade.
C
To act as an industry center
D
To act as a farming center
9) What is one of the most important ways Japan has invested in human capital?
A
Global trading
B
Factories
C
Education
D
Business
10) Which is the source of nearly all of Japan's GDP?
A
Industry and services
B
Factories
C
Tourism
D
Farming
11) What are capital goods?
A
Job training
B
Services
C
Factories and machines
D
Entrepreneurs
12) Why is investment in capital goods important for a country like Japan?
A
Increased jobs
B
Increased training
C
Entrepreneurs
D
Japan's economy depends heavily on industry and must be modern to be competitive
13) India must invest in capital goods to help overcome with problems?
A
Lack of investment
B
Strict government
C
Lack of education
D
overpopulation and poverty
14) Investment in capital goods has helped China do well in which world market?
A
entrepreneurs
B
consumer goods
C
services
D
training
15) Which is the role of natural resources in India and China?
A
Factories
B
Textiles
C
Goods and services
D
Fueling industry
*select an answer for all questions
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