Match each letter with the BEST description of the type of economy that would exist at that point on the spectrum.
Southern and Eastern Asia Economic Systems

Quiz
•
Social Studies
•
7th Grade
•
Hard
John Robinson
FREE Resource
15 questions
Show all answers
1.
MATCH QUESTION
1 min • 1 pt
Y
Most major industries are controlled by the government and there is little protection of private property rights.
Z
The government regulates major industries to protect the environment and the rights of workers.
X
There are few barriers to entry into most industries and most economic decisions are determined by the forces of supply and demand.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What type of economic system is most prevalent in Southern and Eastern Asia?
Mixed economy
Command economy
Traditional economy
Market economy
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which country in Eastern Asia is known for its rapid economic growth and technological advancements?
Japan
North Korea
Mongolia
Bhutan
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a key characteristic of a command economy, often seen in some Asian countries?
Government controls all major aspects of the economy
Private businesses operate freely
Economy is based on customs and traditions
Supply and demand determine production
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which Southern Asian country is known for its IT and software services industry?
India
Nepal
Sri Lanka
Bangladesh
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary economic activity in rural areas of Southern Asia?
Agriculture
Manufacturing
Mining
Tourism
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which Eastern Asian country has a significant influence on global fashion and entertainment industries?
South Korea
Laos
Myanmar
Cambodia
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