Unit Six Gov/Econ SEA

In the global economy, Japan is a major participant because their location

• allows Japan to received aid from the United States.

• allows them to easily sell manufactured goods to the rest of the world.

• 
  has forced the majority of their population to work for international industry.

• has made them a major military power.

In a command economy, how is it determined what goods and services will be produced?

• Central government planning decides what will be produced.

• Consumers decide through their behavior in the marketplace.

• Consumers decide through their behavior in the marketplace.

• Businesses decide what to produce on the basis of market conditions.

In economics, capital goods

• 
  are used to make other products.

• are not subject to scarcity.

• 
  are those used by the consumer.

• are all forms of money.

An exchange rate is used to

• determine the price of one country's currency in terms of another country's currency.

• promote the argument supporting free trade.

• promote the use of subsidies on foreign goods.

• determine the price of one country's GDP in terms of another country's GDP.

• determine the price of one country's imports in terms of another country's imports.

Which TWO nations are governed by a Prime Minister and a Parliament?

• 
  Japan; the Democratic People's Republic of Korea

• The Republic of India; the People's Republic of China

• The Republic of India; Japan

• The People's Republic of China; Japan

Both the Republic of India and Japan are examples of parliamentary republics. In both nations the legislative branch is ___, or made up of two houses.

• 
  appointed

• 
  unicameral

• 
  bicameral

• proportional

PER CAPITA GDP:

Afghanistan: $1,976

China: $16,842

India: $7,166

Japan: $42,067

Based on the relationship between literacy rates and per capita GDP, which nation has the LOWEST literacy rate among its citizens?

• Japan

• 
  India

• China

• 
  All nations

• Afghanistan

Which Asian country could be best classified as an autocracy, with political power held by a single political party and a single dictator?

• 
  South Korea

• 
  Japan

• 
  Thailand

• 
  North Korea

Which country was defeated in World War II but was later rebuilt into one of the strongest economies and democracies in the second half of the 20th century?

• 1

• 2

• 3

• 4

During a war which type of trade barrier is often used the most between the warring countries.

• 
  subsidy

• embargo

• tariff

• 
  payment

• 
  quota