S&E Asia Economies & Factors of Production Review

S&E Asian Economies and Factors of Production Review

Multiple Choice

Mrs. Diebboll needs our help! She was thinking of a type of economic system, but can't remember which one.

She was thinking of the economic system that is based on supply and demand. Which type is it?

• market

• traditional

• command

• mixed

Multiple Choice

Ms. Rogers needs our help! She was thinking of a type of economic system, but can't remember which one.

She was thinking of the economic system where the government is making all the decisions. Which type is it?

• market

• traditional

• command

• mixed

Multiple Choice

Dr. Bone needs our help! She was thinking of a type of economic system, but can't remember which one.

She was thinking of the economic system that is based on traditions and customs. Which type is it?

• market

• traditional

• command

• mixed

Multiple Choice

Mrs. Staples needs our help! She was thinking of a type of economic system, but can't remember which one.

She was thinking of the economic system that is a mix of a command and market economy. Which type is it?

• market

• traditional

• command

• mixed

Multiple Choice

What type of economies do China, India, AND Japan have?

• traditional

• market

• command

• mixed

Multiple Choice

True or False: North Korea and South Korea have the same economy.

• True

• False

Drag and Drop

South Korea has a​

Placeholder

economy and North Korea has a​

Placeholder

economy.

Drag these tiles and drop them in the correct blank above

mixed

command

market

traditional

Multiple Choice

Mrs. Stewart needs our help! She forgot the vocab word for one of the factors of production.

She was thinking of the machines, factories & equipment that are used to produce goods, like a machine to produce a small motor. Which factor of production is it?

• natural resource

• human capital

• entrepreneur

• capital good

Multiple Choice

Dr. Askew needs our help! She forgot the vocab word for one of the factors of production.

She was thinking of the resources that are found in nature, like water, trees, minerals, or oil. Which factor of production is it?

• natural resource

• human capital

• entrepreneur

• capital good

Multiple Choice

Mrs. South needs our help! She forgot the vocab word for one of the factors of production.

She was thinking of a person whose is doing a job or operating a machine. Which factor of production is it?

• natural resource

• human capital

• entrepreneur

• capital good

Multiple Choice

Ms. Rogers needs our help! She forgot the vocab word for one of the factors of production.

She was thinking of a person who is going to take on the risks to start their own business. Which factor of production is it?

• natural resource

• human capital

• entrepreneur

• capital good

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Open Ended

Ms. Rogers has decided that she wants to move to China and start her own business! She is going to make Disney ears, backpacks, and shirts.

Is this is a good decision or a bad decision? Explain your answer!

Open Ended

Mrs. Stewart has decided that she wants to move to Japan and start her own business! She is going to make party decorations and supplies.

Is this is a good decision or a bad decision? Explain your answer!

Open Ended

Dr. Askew has decided that she wants to move to North Korea and start her own business! She is going to sell puzzles, books, and bookmarks.

Is this is a good decision or a bad decision? Explain your answer!

Open Ended

Ms. Moore has decided that she wants to move to India and start her own business! She is going to sell joke books.

Is this is a good decision or a bad decision? Explain your answer!