SE Asia Government and Economics

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

• the amount of goods sold in foreign trade in a year

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 countries in a given year

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

• the value of all goods and services produced by small shops and individually owned businesses in a country

If a country does not invest in its human capital, how can it effect the country's 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 is only effected if workers pay for the investment out of their own pockets

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

What percentage of India's population works in agriculture?

• 25%

• 50%

• 75%

• nearly 100%

How was the Green Revolution an example of investment in human capital in India?

• farmers were given training and new technology to work with

• money was provided to build new houses for Indian farmers

• farmers were encouraged to move into the cities and find better work

• rural children were sent to government schools so they would not have to farm

Where does India rank in the world in terms of industrial production?

• India is one of the world's leading industrial countries

• industry is growing in India, but it is not comparable to other countries

• India was once an industrial leader, but has fallen behind in recent years

• industrial production is low because so many Indians work in agriculture

How did the Four Modernizations affect Chinese agriculture?

• the farmers were given better seeds and equipment

• many farmers were forced off the land and had to move to cities

• factories involved in heavy industry were moved to rural areas to provide jobs

• farmers were forced to sell all surplus agricultural products to the government

How did the Four Modernizations affect Chinese industry?

• most factories shifted to the production of weapons and military supplies

• the Chinese government gave up all control of decision making for the factories

• little money was invested in human capital and instead went into improving agriculture

• many factories began to increase the production of consumer goods that were easier to sell, while also using better technology in factories

What was the purpose of China setting up Special Economic Zones?

• to act as trade centers for global trade

• to improve agricultural production in rural areas

• to keep all foreign competition out of local markets

• to create places where workers could get special discounts on food and housing

What is a specific way that Japanese companies have invest in human capital?

• by bringing in and training foreign workers

• Japanese companies are not interested in investing in human capital

• companies provide benefits like health care and recreation facilities

• by having shorter work days than other countries