OBJECTIVE 6.3 Mastery Check

What type of economy does Japan have?

• Command economy

• Mixed economy

• Free enterprise economy

• Socialist economy

Which two countries have recently moved away from command economies to incorporate some aspects of free enterprise?

• Japan and South Korea

• China and Vietnam

• North Korea and South Korea

• China and Japan

What is the economic policy known as "one country, two systems" associated with?

• North Korea

• Japan

• Vietnam

• China

Under the "one country, two systems" policy, what does China allow?

• Unlimited foreign investment

• Complete government control over businesses

• Private ownership of businesses with some control over prices

• Full privatization without any government interference

What type of economy is North Korea's economy?

• Free market economy

• Free enterprise economy

• Command economy

• Mixed economy

What level of economic development is Japan classified as?

• Level one

• Level two

• Level three

• Not mentioned

Which industry is a main industry in East and Southeast Asian countries due to cheap labor?

• Agriculture

• Manufacturing

• Technology

• Tourism

How much does a bottle of Coke typically cost in most major East and Southeast Asian countries, except in Japan?

• $1.80

• $0.55

• $1.00

• $0.75

What is the average life expectancy in East & Southeast Asia?

• 79 years old

• 76 years old

• 84 years old

• 67 years old

What is the average GDP Per Capita of East and Southeast Asia?

• It is about the same as the United States

• It is a little more than half of the United States

• It is a little more than $11,000

• It is less than $1,000