Economy of China and India

What type of economy does China have?

• Command

• Market

• Mixed that leans towards command

• Mixed that leans towards market

Strictly controlled prices and government-owned industries are common in ________

• China and South Korea

• Japan and South Korea

• India and North Korea

• China and North Korea

Which of the following countries has the largest economy and is considered one the fastest-growing economies in the world?

• South Korea

• China

• Japan

• North Korea

How does China pay for infrastructure and social services?

• Charge high taxes

• Donations from corporations

• Donations from other countries

• They do not provide social services

The Chinese government controls which industries?

• Tea, film production, and transportation

• Banking, oil, and telecommunications

• Silk, cotton, and ceramics

• Fishing, Timber, and Kung Fu Panda

What is the name of Chinese currency?

• Won

• Yuan

• Yen

• Rupee

An effort to improve all aspects of Chinese production including:

1) Farming

2) Military and Defense

3) Industry

4) Science, technology, and research

• Collective Farm

• SEZ - Special Economic Zone

• Microcredit Industry

• Four Modernizations

Established provinces along the eastern coast of China that acted as trade centers for global trade.

• Microcredit Industry

• SEZ - Special Economic Zones

• Four Modernizations

• Green Revolution

How much does China's GDP grow each year?

• 5%

• 8%

• 10%

• 12%

Modernization of agriculture in India where new types of seeds and grains were introduced along with new fertilizers and pesticides.

• Green Revolution

• Collective Farming

• Microcredit Industry

• Special Economic Zone (SEZ)