Why do countries like China have mixed economies?

To balance government control and market-driven decisions.

To allow citizens complete economic freedom.

To prohibit private businesses from operating.

To eliminate market competition for resources.

To maintain only traditional methods of production.

How does Japan regulate its mixed-market economy?

By regulating industries like banking and international trade.

By controlling all private businesses and trade operations.

By using supply and demand exclusively to set prices.

By banning all forms of global trade and exports.

By setting prices for all goods in the economy.

In India, who elects the prime minister?

Parliament elects the prime minister from the majority party.

The president directly selects the prime minister.

Citizens vote directly to elect the prime minister.

State assemblies vote for the national leadership.

Provincial governors nominate the prime minister.

How does South Korea's economy benefit from its government structure?

Private businesses thrive due to supportive regulation.

Citizens vote on every economic decision made by businesses.

The military controls all industries and resources.

Only traditional economic practices are promoted.

All industries are owned by foreign governments.

What challenge limits North Korea's economic growth?

Food shortages caused by poor resource management.

Over-reliance on imports from neighboring countries.

Rapid urbanization with no infrastructure upgrades.

Increasing globalization and workforce competition.

Lack of private business ownership opportunities.

What is the primary difference between China and South Korea's economic systems?

South Korea's market has fewer regulations than China's.

China allows more market freedom than South Korea does.

Both rely entirely on state-run industries.

China is entirely export-driven, unlike South Korea.

Both countries use traditional farming systems.

What type of government allows the most citizen participation?

Presidential Democracy with citizen-elected leaders.

Parliamentary Democracy with legislative-selected leadership.

Autocracy with decisions made by one leader.

Communist State with limited individual freedoms.

Mixed Government with both free and controlled aspects.

How does citizen participation in autocratic governments differ from democratic governments?

Autocracies limit citizen power; democracies allow voting and participation.

Both governments restrict voting rights equally.

Citizens have no power in either type of government.

Democracies transfer power to one central leader.

Autocracies permit voting for all citizens.

What type of economy does North Korea have?

Command Economy with full government control.

Market Economy driven by competition.

Mixed Economy balancing market and government.

Traditional Economy focused on barter systems.

Socialist Economy with shared ownership.

How does a market economy decide what to produce?

Decisions are made through supply and demand.

Producers decide based on government quotas.

Production choices are guided by tradition.

The government regulates all production decisions.

Private individuals follow government mandates.

What is a mixed economy?

An economy combining government control and market freedom.

An economy based entirely on traditional practices.

An economy where private businesses drive all production.

An economy with government control over all goods.

A system where citizens vote on economic laws.

Why do most countries fall along the economic continuum rather than being purely market or command?

To balance market freedom with government regulation.

To allow complete government control of resources.

To ensure only government-selected businesses succeed.

To eliminate all trade barriers globally.

To encourage traditional agricultural practices.

How does China's economic system differ from South Korea's?

South Korea's economy has fewer regulations than China's.

China has a fully market-driven economy, unlike South Korea.

Both countries rely on command economies for growth.

China has a command economy, while South Korea has no government control.

Both economies are entirely export-driven.

What is the role of the government in a command economy?

The government decides what, how, and for whom to produce.

The government allows businesses to make all decisions.

The government regulates only certain industries.

The government uses supply and demand to set prices.

The government has no role in production.

Which of the following countries has the most market-driven economy?

South Korea with thriving private businesses.

North Korea with strict government control.

China with its state-owned enterprises.

India with government-controlled agriculture.

Japan with its heavily regulated industries.

How do mixed economies like Japan's ensure stability?

By regulating industries like banking and trade.

By eliminating private business ownership.

By relying only on market forces for decisions.

By banning imports from foreign countries.

By prioritizing agricultural production.

What makes traditional economies different from command and market systems?

They rely on customs, traditions, and bartering.

They allow complete market freedom for businesses.

They regulate industries like banking and trade.

They control production decisions through governments.

They focus entirely on technology-driven production.

How does India's mixed market economy benefit from government investment?

The government invests in education and human capital.

The government eliminates all trade barriers.

The government limits market participation.

The government controls all production choices.

The government relies only on rural practices.

What percentage of China's economy is market-driven?

57% allowing significant private businesses to operate.

43% with key industries state-controlled.

74% focusing on private-sector innovation.

95% with near-total government control.

70% combining export-driven industries.

Compare North Korea and South Korea's economic systems.

North Korea is a command economy; South Korea is a mixed market.

Both are entirely command economies.

North Korea has a mixed economy, while South Korea is fully market-based.

Both countries operate as traditional economies.

Both economies rely on export-driven production.

How does citizen participation differ in China and South Korea's economies?

South Koreans have more influence through private businesses than Chinese citizens.

Citizens have complete control of the economy in both.

Citizens are equally limited in both economies.

South Korea prohibits private business influence.

Citizens in both countries vote for economic leaders.

What is one advantage of mixed economies over command economies?

Private businesses can drive innovation and growth.

Citizens have no role in economic decisions.

Governments control all market activities.

Traditional systems are prioritized.

All businesses are state-owned.

What is specialization in trade?

Focusing on producing goods a country can make efficiently.

Producing all goods for your country's needs.

Avoiding trading with other nations to focus locally.

Producing all goods to eliminate imports.

Making products only for domestic consumption.

How does specialization encourage trade?

Countries trade goods they produce efficiently for those they cannot.

Countries produce all goods themselves.

Countries rely on others but stop exporting goods.

Countries focus only on farming and stop trading.

Countries trade only with their neighbors.

A restriction on the number of goods imported.

A complete ban on goods from other countries.

A charge applied only to exports leaving a country.

A policy to encourage imports without limits.

What is the purpose of a quota in trade?

To limit the quantity of goods imported.

To reduce taxes on foreign imports.

To stop all trade between specific nations.

To ban exports to specific countries permanently.

To ensure countries produce all goods locally.

A complete ban on trade with a country.

A reduction in taxes for foreign trade.

A temporary limit on specific goods imported.

An agreement to expand trade with new partners.

A decision to allow free trade without barriers.

How does voluntary trade benefit buyers?

It gives buyers access to a wider variety of goods.

It limits buyers to only goods produced locally.

It raises prices on all goods in the market.

It encourages buyers to avoid trading with others.

It reduces the choice of available products.

How does voluntary trade benefit sellers?

It provides access to global markets.

It ensures sellers only trade locally for profits.

It reduces competition from foreign markets.

It forces sellers to limit goods they produce.

It restricts sellers from growing their business.

Why is currency exchange necessary for trade?

Different countries use different currencies.

It ensures fair trade by using the same currency.

It eliminates the need for efficient production.

It reduces the price of imported goods globally.

It limits which countries can trade freely.

What happens when a country imposes a tariff on imported goods?

The price of imported goods increases.

The availability of imported goods decreases.

The price of domestic goods becomes irrelevant.

Imported goods become significantly cheaper.

The number of imported goods rises sharply.

How do quotas affect trade?

They limit the number of goods that can be imported.

They increase the cost of all goods produced locally.

They allow unlimited imports for specific goods.

They stop trade completely with certain regions.

They encourage governments to remove all barriers.

How do embargoes differ from tariffs and quotas?

Embargoes completely ban trade, while tariffs and quotas limit trade.

Embargoes reduce costs, unlike tariffs or quotas.

Embargoes allow free trade without restrictions.

Embargoes increase import costs significantly.

Embargoes limit only one type of export.

Compare the effects of tariffs and quotas on trade.

Tariffs increase prices, while quotas limit quantities.

Tariffs limit the variety of goods, while quotas expand imports.

Tariffs eliminate competition, while quotas lower costs.

Tariffs reduce trade entirely, while quotas have no effect.

Both eliminate global trade barriers.

What is one benefit of specialization for countries like Japan and South Korea?

It allows them to export high-tech goods efficiently.

It forces them to produce all goods domestically.

It limits their reliance on trading resources.

It reduces their ability to trade with neighbors.

It stops them from importing any raw materials.

Why would a country use an embargo?

To achieve political goals by restricting trade.

To allow free trade without limits.

To improve trading relationships globally.

To create more competition in global markets.

To rely only on traditional goods and resources.

How does voluntary trade benefit both buyers and sellers?

Buyers gain access to goods, and sellers reach global markets.

Buyers avoid new markets, and sellers produce fewer goods.

Buyers pay higher prices, and sellers limit trade.

Buyers see fewer choices, and sellers stop exports.

Buyers and sellers focus only on domestic trade.

What is literacy rate?

The percentage of people who can read and write.

The percentage of people who work in agriculture.

The percentage of people who have access to healthcare.

The percentage of people who vote in elections.

The percentage of people who own businesses.

How does a higher literacy rate contribute to economic growth?

It creates a more skilled workforce.

It increases government control of industries.

It limits the production of goods.

It decreases the need for education systems.

It reduces the focus on skilled workers.

Which country in Asia has benefited from high literacy rates to grow its economy?

South Korea with a skilled workforce.

North Korea with limited education access.

India with restricted schooling.

Afghanistan with low literacy levels.

Pakistan with uneven educational opportunities.

How does investment in human capital, like education, impact GDP?

It increases GDP by improving worker skills and productivity.

It decreases GDP by limiting job opportunities.

It has no effect on GDP growth.

It reduces the number of industries in the economy.

It limits trade opportunities globally.

Why is literacy rate important for economic growth in countries like Japan?

It ensures a skilled workforce for high-tech industries.

It decreases competition from other countries.

It stops investment in other sectors.

It creates more jobs by reducing education.

It shifts focus to manual labor instead of skills.

What happens in countries with low literacy rates?

Economic growth is slow due to a lack of skilled workers.

Industries grow rapidly with unskilled labor.

GDP rises because more people enter the workforce.

Trade increases due to fewer education requirements.

Innovation improves without skilled education.

Unit 5 Test Review

Authored by Derek Mcvey

Social Studies

7th Grade

Used 25+ times

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

Content View

Student View

60 questions

Show all answers

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What type of government does North Korea have?

Communist State with limited personal freedoms.

Parliamentary Democracy where citizens elect leaders.

Autocracy where decisions are made by one leader.

Presidential Democracy with shared powers.

Mixed Economy where government controls trade.

Answer explanation

North Korea is ruled by the Korean Workers' Party, which controls all decisions, with no citizen influence.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What type of economy does South Korea have?

Command Economy where all decisions are made by the state.

Mixed Market Economy combining business and regulation.

Market Economy with no government involvement.

Traditional Economy focused on customs and farming.

Socialist Economy with limited private property.

Answer explanation

South Korea combines private businesses with some government regulations, making it a mixed economy.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In a parliamentary democracy, who selects the head of government?

Citizens elect the head of government directly.

The legislature chooses the leader of the government.

The emperor appoints the head of government.

The ruling military leader selects the government head.

The state assemblies vote on leadership.

Answer explanation

In a parliamentary system, elected members of the legislature choose the head of government.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does citizen participation in South Korea compare to North Korea?

Both allow citizens to vote for government officials.

South Koreans vote freely; North Koreans vote for pre-selected candidates.

Neither country allows citizens to vote freely.

Citizens vote for candidates approved by their government.

Citizens do not vote in either country.

Answer explanation

South Koreans vote freely, while North Koreans vote for candidates chosen by the government.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the government control the economy in China?

It controls key industries like banking and energy sectors.

It allows full market freedom in all key sectors.

It bans all private businesses from operating.

It follows only traditional economic practices.

It permits market freedom but limits public exports.

Answer explanation

China's mixed economy means private businesses operate, but the government controls key sectors.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What distinguishes a presidential democracy from a parliamentary democracy?

The head of state is elected directly by citizens.

The head of government is selected by the legislature.

Both leaders are chosen by the legislative body.

The government operates without a legislative branch.

Leaders are selected by a council of ministers.

Answer explanation

In a presidential democracy, the head of state is directly elected by citizens.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Compare the role of citizens in North Korea and India.

Citizens vote freely for government officials in both countries.

India allows full participation; North Korea does not allow any.

Neither country permits free elections for leadership.

Both countries limit voting rights for all citizens.

Citizens have no influence in either government.

Answer explanation

India is a parliamentary democracy, while North Korea is an autocracy with no real citizen participation.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

60 questions

CBA Review #2 - Texas History 2020

Quiz

•

7th Grade

55 questions

Modern U.S. History Review

Quiz

•

7th Grade

58 questions

Ch 10 Oceania

Quiz

•

7th Grade

64 questions

2.5 Economics Vocabulary

Quiz

•

7th Grade

64 questions

Interaksi Sosial dan Lembaga Sosial

Quiz

•

7th Grade

60 questions

Mr Moore's Year 7 Australia's Political System Review Quiz

Quiz

•

7th Grade

57 questions

WWII & Cold War Review

Quiz

•

6th - 8th Grade

58 questions

Middle East Review

Quiz

•

7th Grade

Popular Resources on Wayground

15 questions

Fractions on a Number Line

Quiz

•

3rd Grade

20 questions

Equivalent Fractions

Quiz

•

3rd Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

54 questions

Analyzing Line Graphs & Tables

Quiz

•

4th Grade

$fractions$

22 questions

fractions

Quiz

•

3rd Grade

20 questions

Main Idea and Details

Quiz

•

5th Grade

20 questions

Context Clues

Quiz

•

6th Grade

15 questions

Equivalent Fractions

Quiz

•

4th Grade

Discover more resources for Social Studies

38 questions

The Patriot Way: Classroom, Hallway, and Commons

Quiz

•

7th Grade

24 questions

Republic of Texas and Early Statehood Test Review

Quiz

•

7th Grade

24 questions

Quiz #2- American Revolution

Quiz

•

7th Grade

24 questions

Republic of Texas Review

Quiz

•

7th Grade

17 questions

Early Statehood Review-3.0

Quiz

•

7th Grade

8 questions

Agriculture, Laws, and Slavery in Early Texas

Lesson

•

6th - 8th Grade

5 questions

Legislative branch Reiew

Interactive video

•

7th Grade

22 questions

Bill of Rights Scenarios

Quiz

•

7th Grade

Unit 5 Test Review

What type of government does North Korea have?

North Korea is ruled by the Korean Workers' Party, which controls all decisions, with no citizen influence.

What type of economy does South Korea have?

South Korea combines private businesses with some government regulations, making it a mixed economy.

In a parliamentary democracy, who selects the head of government?

In a parliamentary system, elected members of the legislature choose the head of government.

How does citizen participation in South Korea compare to North Korea?

South Koreans vote freely, while North Koreans vote for candidates chosen by the government.

How does the government control the economy in China?

China's mixed economy means private businesses operate, but the government controls key sectors.

What distinguishes a presidential democracy from a parliamentary democracy?

In a presidential democracy, the head of state is directly elected by citizens.

Compare the role of citizens in North Korea and India.

India is a parliamentary democracy, while North Korea is an autocracy with no real citizen participation.

Why do countries like China have mixed economies?

A mixed economy balances market freedom and government regulation for stability and growth.

How does Japan regulate its mixed-market economy?

Japan's government ensures stability by regulating specific industries while allowing private businesses.

In India, who elects the prime minister?

India's parliament selects the prime minister, representing the majority party.

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Social Studies