
SE Asia Economic Systems
Authored by Coach Cauthen
Social Studies
7th Grade
Used 17+ times

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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does specialization make trade between countries easier?
There will always be a steady supply of goods on the market so trade is not needed.
The competition between countries will not exist.
Countries can produce what they make best and trade with others for what they need.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do most countries in the world today fall somewhere between a market and a command economy?
Government control always makes a market economy more profitable.
Most consumers prefer government control to free market.
Most countries have found they need a mix of free market and government control to be successful.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most economic decisions in North Korea are made by:
Korean industrial leaders
Premier Kim Jong-un
North Korean Parliament
The citizens
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Japanese economy has to make up for the country’s lack of:
Education
Population
Natural Resources
Human Capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, economic decisions are made by the ___________.
consumers
market
government
businesses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The economy of North Korea can best be described as:
Traditional
Command
Mixed
Republican
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Poor decisions made about how to organize farming in North Korea have resulted in many years of:
Farmers refusing to work
Starvation
Arguments about what crops to grow
Food surplus
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