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Economic Systems of Southern and Eastern Asia Test

Authored by Paula Smith

Social Studies

7th Grade

Economic Systems of Southern and Eastern Asia Test
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do most countries in the world today fall somewhere between a market and a command economy?

Some government control has never been successful.

Government control always makes a market economy more profitable.

Most consumers prefer government control to free market.

Most countries have found they need a mix of free market and government control to be successful.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Most economic decisions in North Korea are made by:

A. Korean industrial leaders

B. North Korean Parliament

C. Korean people

D. Premier Kim Jong-Il

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Japanese economy has to make up for the country’s lack of:

A. Education

B. Population

C. Natural resources

D. Fish

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economy of North Korea can best be described as:

Traditional

Command

Market

Mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Poor decisions made about how to organize farming in North Korea have resulted in many years of:

Drought

Farmers refusing to work

Starvation

Arguments about what crops to grow

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Today, at least 50% of China’s workers are involved in:

The military

Agriculture

Service industries

Education

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which has been a constant problem for India’s economy?

A. A GDP that has not grown in many years

B. Lack of a strong middle class

C. Expense of maintaining a large military

D. Overpopulation and poverty found throughout the country

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