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Southeast Asia Economic Systems

Authored by Wayground Content

Social Studies

7th Grade

Used 11+ times

Southeast Asia Economic Systems
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four types of economic systems?

Market, Demand, Control, and Customs

Gen X, Boomer, Communist, and Traditional

Traditional, Pure Market, Pure Command

Market, Command, Mixed, and Traditional

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which Southeast Asia country has the fastest growing economy in the last few decades?

North Korea

China

Japan

India

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three economic questions that every country must answer when developing an economic plan?

How much will be produced?

What type of economy will be established such as traditional, command or market.

What color currency will be printed?

What products will be passed down from generation to generation

What customs will be inherited?

What color flag will be produced?

What goods/services will be produced?

How will goods/services be produced?

Who will consume the goods/services?

What resources does a country have?

How can they produce those resources for other countries?

Who will be willing to produce the resources needed?

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

So, since there are no PURE-Command economies and no PURE-Market economies in the world, what type of economy do most democratic countries have?

Mixed

Traditional

Command

Communist

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Since there are NO PURE command economies in the world, there are some countries that are close. Those countries are?

Cuba, Former Soviet Union, North Korea, and former West Germany.

Cuba, Former Soviet Union, North Korea, and former East Germany.

Cuba, Former Vietnam, North Korea, and former East Germany.

Cuba, Former Soviet Union, South Korea, and former East Germany.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a market economy, the three economic questions are based on what?

cheap prices

What people want to see, but not what they want to buy

availability of exports

supply and demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All the countries mentioned as being very close to a command economy had or still has what type of government?

Democratic

Socialistic

Communist

Republic

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