Southeast Asia Government/Economy Review

North Korea can be described as most likely having which type of economic system?

• Market
• Command
• Mixed
• Traditional

China AND India can be described as most likely having which type of economic system today?

• command
• pure market
• mixed market
• traditional

Which country has one of the strongest economies in the world?

• Japan
• North Korea
• China
• India

How has India's economy changed and evolved since 1991?

• It has moved from a market economy to a command economy.
• It has moved from a mixed economy to a command economy.
• It has moved from a traditional economy to a market economy.
• It has moved from a command economy to a mixed economy.

Why has Japan built its economy primarily on manufacturing?

• The government controls the economy.
• The economy has serious problems and massive food aid from other countries.
• There are few natural resources and farmlands.
• Millions of people live in poverty.

How do the majority of the people in India live today?

• They are wealthy entrepreneurs.
• They are very prosperous with good incomes.
• They live in poverty with food production mainly for their own families survival.
• There is a very strong middle class with good income for all.

How has North Korea avoided widespread starvation?

• Farmers work on cooperatives where up to 300 families share the work to produce food.
• Government control has been lifted allowing citizens to own their own private farms.
• They receive food aid from other countries
• They have few natural resources.

Which country is BEST described by the following?                                          The population enjoys a high standard of living and creates a strong domestic market for goods and services.                                        
  The efficiency of production and the country’s reputation for quality products/services has made it a major exporter.

• North Korea
• India
• Japan
• China

Which country is BEST described by the following?                                                                     Although there have been some small market reforms recently, the majority of legal economic activities are centrally controlled by the government.                                                                  Due to natural disaster and inefficient government-run industries, the country is a major recipient of food and basic service aid from Non-Governmental Organizations(NGO) and foreign nations. The U.S. provides the people of the country with a large amount of aid.                                  

• Japan
• North Korea
• China
• Japan

Which country is BEST described by the following?                                                         Since 1991, the country has slowly allowed the markets to open up to private sector domestic and foreign businesses.                                                                  
   Food production is largely for domestic consumers with many citizens producing food mainly for their own family consumption.                          
   Industries such as software and business process outsourcing are rapidly expanding export markets for private companies.

• North Korea
• China
• India
• Japan