Vietnam's Transition to a Socialist Market Economy

Vietnam's Transition to a Socialist Market Economy

Assessment

Passage

Social Studies

12th Grade

Easy

Created by

James Byrd

Used 1+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant economic transformation did Vietnam embark on in 1986?

Adopting a socialist market economy

Implementing a capitalist economy

Returning to a centrally planned economy

Introducing a purely free market economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for Vietnam's shift to a socialist market economy in 1986?

Inability to meet economic output targets

Desire to increase foreign investment

Pressure from international organizations

Success of similar models in neighboring countries

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sectors did the Vietnamese government maintain significant control over under the socialist market economy?

Energy, telecommunications, and transportation

Agriculture, education, and healthcare

Retail, tourism, and entertainment

Banking, real estate, and manufacturing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the outcomes of introducing market mechanisms in Vietnam's economy?

Increased foreign investment

Decreased living standards

Isolation from the global economy

Reduction in private enterprises

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Vietnam's experience with the socialist market economy highlight?

The importance of adaptability and innovation

The superiority of centrally planned economies

The failure of combining socialist and market principles

The need for complete privatization