SE Asian Gov't/Econ Review

This country's economy is considered the fastest growing economy in the world

• China

• India

• South Korea

• United States

China's economy has moved from a more command economy towards a more market economy, but which of the following would NOT be true?

• China has allowed businesses to participate in the stock market

• China has given more freedom to private companies

• China's economy is now based on supply and demand. Citizens make all decisions

• Some farmers are now allowed to own land to grow crops of their choice.

Which of the following is NOT true about South Korea's government?

• Mostly based on supply and demand

• Lots of economic freedom

• Little government regulation of businesses.

• The government still controls the majority of the businesses in the country

Which of the following is NOT true about NORTH Korea's economy?

• The government owns all the land

• The government relies on supply and demand

• The government makes all economic decisions

• The government decides on how money will be spent nationally

On the economic continuum, which country would have the most economic freedom

• China

• India

• North Korea

• Japan

Of the five countries we've studied this country has more economic freedom than North Korea, but slightly less than China

• India

• South Korea

• Japan

• Singapore

Why have most countries in the world chosen a mixed economy?

• Adding more government control tends to speed up economic growth

• A total free market economy has proven to be the most effective

• A combination of some economic freedom with some government regulation is most effective

• A small amount of economic freedom with many government regulations is most effective

These two countries have both a prime minister and president.

• India

• China

• Japan

• South Korea

This country is ruled by a "supreme leader".

• China

• India

• North Korea

• South Korea

This country's most powerful member of the executive branch is called the "premier".

• China

• India

• North Korea

• Japan