SE Asia Government/Economics Test

In the global economy, Japan is a major participant because their location

• has made them a major military power.
• 
  allows Japan to received aid from the United States.
• 
  allows them to easily sell manufactured goods to the rest of the world.
• 
  has forced the majority of their population to work for international industry.

Which statement is a PRIMARY characteristic of a capitalist system?

• graduated income tax
• private ownership of property
• equal distribution of resources
• government regulation of business

Which characteristic is PRIMARILY associated with a command economy?

• competition among suppliers in the market
• 
  free access to the marketplace for producers
• 
  centralized decision making about what will be produced
• competition in the marketplace to provide consumer choice

In a command economy, how is it determined what goods and services will be produced?

• 
  Businesses decide what to produce on the basis of market conditions
• Consumers decide through their behavior in the marketplace.
• Central government planning decides what will be produced.
• Supply and demand control production and price.

Which South Asian country is the BEST example of a mixed economy, in which there are elements of both market and command economies?

• India
• China
• Vietnam
• North Korea

Which nation's economy could best be described as a command economy, where the government determines guidelines for economic development and sets goals for economic production?

• Australia
• China
• India
• Japan

Which Asian country, with a tightly controlled media and few freedoms for citizens, is described as a hereditary dictatorship?

• Japan
• China
• South Korea
• North Korea

Who makes most of the important governmental decisions in an autocracy?

• The legislature

• The people

• The ruler

• A small group of powerful leaders

Which country has an emperor today?

• India

• Vietnam

• China

• Japan

Which pair of Asian countries below have democratic governments?

• India and Japan

• North Korea and Japan

• China and Vietnam

• North Korea and China