August - February Review

Why is it important for nations to have a system to convert from one currency to another?

• The dollar is the most valuable currency in the world today.
• Most banks are not able to handle different kinds of currencies.
• The conversion to different currencies makes goods cost less.
• This makes it possible to buy and sell goods between nations with different types of money.

Why are most modern economies referred to as “mixed” economies?

• Poverty is always highest in countries with market economies.
• Most countries have aspects of all three types in their economies.
• Government planners do not know how to handle economic problems.
• Products made by traditional economies have no markets in the modern world

. In a traditional economy, how are economic decisions made?

• Custom and habit
• Government planners
• Consumers and the market
• Combination of consumers and government planners

Which is an area where India is a world economic leader?

• Health care
• Military weapons production
• Modern farming and agriculture
• Technology and service industries

What sort of government is the People’s Republic of China?

• . A monarchy
• A federal democracy
• Communist
• A Constitutional Monarchy

Which best describes the Japanese government today?

• Theocracy
• Monarchy
• Presidential democracy
• Parliamentary democracy

What was involved in Mohandas Gandhi’s plan of civil disobedience?

• He wanted violent demonstrations all over the country until the British left.
• The people should refuse to obey a law they felt was unfair, but do it with non-violence.
• Gandhi felt it was best to go along with British laws to avoid making the colonial authorities angry.
• He thought the best way to change the laws was through passing legislation in the Indian National

Which explains one way the Korean War and Vietnam War were alike?

• American troops fought against Russian and Chinese forces.
• American troops were under the direction of the United Nations.
• The United States entered the wars to stop the spread of communism.
• The United States supported the wars with money and supplies but not with troops.

Which Asian countries have a democratic system of government?

• . India and Japan
• China and Vietnam
• China and South Korea
• North Korea and China

Where was the religion of Buddhism founded?

• India
• Japan
• China
• Vietnam