SE Asia Government Economy Review 3 Question Preview (ID: 42082)


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1949
a) china
b) japan
c) a
d) a

Such freedom is found in which type of economic system?
a) market
b) command
c) a
d) a

The changes in China's economy since the 1990s have resulted in
a) China's shift to greater market economy reforms.
b) Japan's shift to greater market economy reforms.
c) a
d) a

the government charges the importer a fee for each imported car.
a) tariff
b) quota
c) a
d) a

This will involve him in international trade. What needs to be in place so Jiang can accurately determine the price of his products in these other nations?
a) currency exchange
b) specialization
c) a
d) a

Which statement about Japan's economy is MOST accurate?
a) Japan must import many raw materials for their manufacturing industries.
b) japan must export many raw materials for their economy
c) a
d) a

In economics, capital goods
a) used to make ther products
b) used to make human capital
c) a
d) a

China spends 1.9% of its GDP per year on education and Japan spends 3.5% of its GDP on education. Which statement is the most logical conclusion about the effects of such spending?
a) japan has higher lit rate and higher gdp per capita
b) china has higher lit rate and higher gdp per capita
c) a
d) a

Japan's GDP per capita is extremely high but their GDP growth rate shows their economy is shrinking. Why might this be the case?
a) its already developed and strong so it cannot grow much more
b) it is so low that there is absolutely not hope for japan
c) a
d) a

India ranks in the bottom 25% in the world for Gross Domestic Product per capita. Which of these statistics BEST describes why this might be the case?
a) low lit rate
b) high lit rate
c) a
d) a

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