South and East Asia Economic Systems - General

A country refusing to trade with another country is called this.

• Embargo

• Tariff

• Quota

• International Trade

A country puts a limit on how many goods can be imported from other countries is called this.

• Embargo

• Tariff

• Quota

• International Trade

This is a tax that is done on trade.

• Quota

• Embargo

• Tariff

• International Trade

This trade happens between different countries.

• Embargo

• Quota

• Tariff

• International Trade

The countries of Japan, China, India, South Korea, and North Korea fall under this type of economy.

• Command Economy

• Traditional Economy

• Mixed Economy

• Market Economy

On the continuum, this country is more command leaning.

• South Korea

• India

• North Korea

• China

This is a measurement of a country's total goods and services that are produced.

• International Trade

• Gross Domestic Product

• Embargo

• International Trade

This country is the fastest growing economy in the world.

• North Korea

• China

• India

• South Korea

This country encourages entrepreneurship through training and loans.

• China

• North Korea

• India

• South Korea

This economy is created by customs and beliefs that are passed down from generation to generation.

• Mixed Economy

• Command Economy

• Traditional Economy

• Market Economy