Southeast Asia Economics

Producing what you can make best at the lowest cost in order to trade for what you don't have

• Human Capital

• GDP Per Capita

• Specialization

• Standard of Living

Which is an example of Specialization?

• growing rice in China

• producing automobiles in Japan

• joining the army in North Korea

• picking fruit in India

What is an accurate title for this list?

• Market Economy

• Command Economy

• Mixed Economy

• Traditional Economy

Which SE Asian country has the largest and fastest-growing economy?

• A

• B

• C

• D

If North Korea's government puts a limit on how much Vietnamese rice it will import this year, what trade barrier is this?

• tariff

• embargo

• quota

• free trade

Why are most economies referred to as "mixed economies"?

• There are not any traditional economic systems left

• Government planners no longer have complete control over command systems

• Economic poverty is too great in a pure market system

• Most countries have aspects of both market and command economies

Which Southeast Asian country is known for its rapid economic growth and is often referred to as one of the 'Asian Tigers'?

• A) Thailand

• B) Singapore

• C) Vietnam

• D) Philippines

What is the primary economic activity in the Mekong Delta region of Vietnam?

• A) Mining

• B) Agriculture

• C) Manufacturing

• D) Tourism

Which Southeast Asian country is the largest producer of palm oil in the world?

• A) Thailand

• B) Malaysia

• C) Indonesia

• D) Vietnam

What is the main reason for the economic disparity between urban and rural areas in Southeast Asia?

• A) Lack of natural resources

• B) Unequal access to education and infrastructure

• C) Overpopulation

• D) Political instability