Economic Continuum South and East Asia

Which country would be placed at number 5 on the economic continuum?

• North Korea

• Russia

• South Korea

• China

Which type of economy describes Japan?

• Mixed Command-Leaning

• Mixed Market-Leaning

• Command

• Market

In a command-leaning economy, the _________ makes majority of the economic decisions.

• government

• consumers

• people

• culture and tradition

In an market-leaning economy, the _________ make majority of the economic decisions.

• government

• the parliament

• consumers/people

• culture and tradition

Which country would be placed at number 1 on the economic continuum?

• Vietnam

• India

• South Korea

• North Korea

Nearly almost all countries in the world have a (a)   economy.

On the economic continuum, China is further left than Japan. What does this mean when comparing China and Japan's economies?

• Both China's and Japan's consumers have an equal amount of control of the economy.

• Japan's government makes more economic decisions than China government does.

• China's government has more control of the economy. In contrast Japan's consumers have more control

In a mixed economy who makes the economic decisions?

• the consumers and tradition share economic decisions

• the government and consumers share economic decisions

• the government and culture share economic decisions

A mixed command-leaning economy would describe which country below?

• China

• India

• Japan

• South Korea

Which country below has the most balanced mix of government and consumer influence on the economy? (This country would be the closest to the "mixed" area on the continuum, #3)

• North Korea

• South Korea

• China

• India