Economic Systems of Southern and Eastern Asia

Economic Systems of Southern and Eastern Asia

7th Grade

25 Qs

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Economic Systems of Southern and Eastern Asia

Economic Systems of Southern and Eastern Asia

Assessment

Quiz

Geography

7th Grade

Practice Problem

Medium

Created by

Michelle King

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most economic decisions in North Korea are made by________________.

Korean industrial leaders

North Korean Parliament

Korean people

Korean leader

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do most countries fall somewhere between a market and a command economy?

Some government control has never been successful.

Government control always makes a market economy more profitable.

Most consumers prefer government control to free market.

To be successful, most countries have found they need a mix of free-market and government control.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a _______________economy, economic decisions are made by the government.

traditional

free-market

command

Communist

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Japanese economy has to make up for the country’s lack of what?

Population

Education

Natural resources

Human Capital

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy does North Korea have?

Market

Command

Market

Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Poor decisions made about how to organize farming in North Korea have resulted in many years of what?

Farmers refusing to work

Drought

Arguments about what crops to grow

Famine

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At least 50% of China’s workers are involved in what industry?

The military

Agriculture

Service industries

Education

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