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Winter Final 2018b
Test Description: WInter exam 40b
Instructions: Answer all questions to get your test result.
1) Which philosophy came from China and later adopted by Japanese warriors because it emphasized obedience and social harmony?
A
Legalism
B
Daoism
C
Shintoism
D
Confucianism
2) Which nation experienced a communist revolution in the years immediately following World War II?
A
Afghanistan
B
Japan
C
China
D
Russia
3) India remained under the authority of Britain until the late 1940s when it adopted a Constitution and proclaimed itself a
A
world power
B
state
C
monarchy
D
republic
4) Which Asian country is a parliamentary democracy, with an emperor who is mainly a ceremonial figurehead, and real political power vested in the prime minister?
A
Japan
B
Vietnam
C
Laos
D
China
5) Despite having one of the largest economies in the world (based on nominal GDP) what problem faces Japan that could affect its economic growth?
A
It does not have a good coastline for trade
B
It has a very small population of skilled labor
C
It spends most of its tax money on the military
D
It has a very limited supply of natural resources
6) · It is one of the most successful market economies in the world today. · Its economy is the second largest in the world, with $4.5 trillion in GDP. · Because of its physical geography there is little land available for farming, so it is highly ind
A
Vietnam
B
North Korea
C
India
D
Japan
7) Which Asian country, with a tightly controlled media and few freedoms for citizens, is described as a hereditary dictatorship?
A
South Korea
B
China
C
North Korea
D
Japan
8) A tariff is a tax on ___.
A
imports
B
exports
C
services
D
food
9) Why would a country want to erect trade barriers such as tariffs or quotas?
A
to stimulate the economy
B
to make goods cheaper
C
to protect domestic jobs
D
to expand their markets
10) 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?
A
Capitalism
B
Mixed
C
Command
D
Market
11) A tariff is a form of taxation on foreign products, while a quota is a ______ on imports from foreign countries.
A
limit
B
increase
C
rise
D
boost
*select an answer for all questions
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