Asia Government and Economics

In what type of government does one person have all of the power?

• Unitary

• Federal System

• Autocracy

• Democracy

What is the definition of human capital?

• the people who make up the work force

• taxes collected from a country’s workers

• money paid to workers for producing goods

What is the definition of Gross Domestic Product (GDP)?

• the amount collected in taxes from the people of a country in a given year

• the value of all the products a country buys from overseas nations in a year

• the total value of goods and services a country produces in a year

If a country does not invest in its human capital, how can it affect the country’s gross domestic product (GDP)?

• Investment in human capital has little effect on a country’s GDP

• Most workers want to keep their jobs just as they are and do not care about GDP

• GDP may go down because poorly trained workers will not be able to do their jobs as well

• The countries economy will get better

Which is the source of nearly all of Japan’s GDP?

• agriculture

• military production

• industry & services

What are capital goods?

• factories and machines used to make the goods

• workers who make the goods and perform services

• money spent to train workers to use new technology

• Things found in nature

Which of the following is not one of the three basic questions all economic systems must answer?

• How will goods and services be produced?

• How long will it take to produce the goods and services?

• What goods and services will be produced?

• Who will the goods and services be produced for

Which is an example of a natural resource?

• factory

• deposit of coal

• irrigation canal

• machinery/tools

An entrepreneur is

• someone who is willing to take a risk to begin a new business

• someone who is always successful in whatever he or she attempts

• a businessman who relies on money from the government to finance a new business

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

• one ruler

• the people

• the court system