SE Asia Gov and Econ Review

What type of economy does South Korea have?

• Mixed market economy

• Capitalist economy
• Command economy
• Barter economy

What type of economy does North Korea have?

• Traditional economy
• Mixed economy
• Command economy
• Market economy

What type of economy would it be easiest to start a business?

• Market economy
• Command economy
• Traditional economy
• Mixed economy

Choose the country that has allowed more economic freedoms and as a result has become more market leaning.

• United States
• China
• Singapore
• Hong Kong

Which form of government allows the citizens to vote for the chief executive and that also votes for the legislative branch?

• Presidential Democracy

• Anarchy
• Oligarchy
• Autocracy

Between market economies and command economies, market economies are more economically free.

• True

• False

What country does Xi Jinping lead?

• Japan
• Russia
• India
• China

Which Southeast Asian country is closest to a completely command economy?

• Thailand
• South Korea

• Philippines
• North Korea

Why does Japan have a high GDP, even though they have a limited amount of natural resources to exploit?

• Japan's high GDP is because of a lack of competition in the global market
• Japan's high GDP is a result of luck and chance
• Japan's high GDP is due to abundant natural resources
• Japan's has invested in human capital and capital goods and they produce finished goods

What do countries use their natural resources for?

• Transportation, construction, tourism
• Healthcare, education, technology
• Economic development of the country

• Military, entertainment, finance