Unit 12-Asia Economics Test Review---Part 2 Question Preview (ID: 37717)


Asia Economics. TEACHERS: click here for quick copy question ID numbers.

What is an embargo?
a) A halt to trade with a particular country for economic or political reasons
b) A limit on trade
c) A tax on goods
d) To stop trading with companies

What is human capital?
a) Buildings and factories
b) Factory jobs
c) Training
d) Skills and education the workers have

What is GDP?
a) The total value of goods and services a country produces in a year.
b) Total value of educated workers
c) Total value of industries
d) Total value that factories produce

How much of India's GDP comes from farming?
a) 100%
b) 25%
c) 50%
d) 75%

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 imports
c) One of the world's leading in exports
d) One of the world's leading industrial countries

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

How did the Four Modernizations affect Chinese agriculture and industry?
a) Farming production went down
b) Many factories began to increase the production of consumer goods that were easier to sell.
c) Factory production went down.
d) There was not affect in agriculture and industry

What was the purpose of China's setting up the four Special Economic Zones?
a) To act as a farming center
b) To act as trade centers for global trade.
c) To act as an industry center
d) To act as an entrepreneur center

What is one of the most important ways Japan has invested in human capital?
a) Factories
b) Business
c) Global trading
d) Education

Which is the source of nearly all of Japan's GDP?
a) Farming
b) Industry and services
c) Tourism
d) Factories

What are capital goods?
a) Factories and machines
b) Job training
c) Entrepreneurs
d) Services

Why is investment in capital goods important for a country like Japan?
a) Increased jobs
b) Increased training
c) Japan's economy depends heavily on industry and must be modern to be competitive
d) Entrepreneurs

India must invest in capital goods to help overcome with problems?
a) Strict government
b) Lack of education
c) Lack of investment
d) overpopulation and poverty

Investment in capital goods has helped China do well in which world market?
a) consumer goods
b) entrepreneurs
c) services
d) training

Which is the role of natural resources in India and China?
a) Goods and services
b) Textiles
c) Fueling industry
d) Factories

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