South and East Asia Economic Systems - GT

When China trades items with the United States, it is called this.

• Quota

• International Trade

• Embargo

• Tariff

South Korea trades with Japan. South Korea places a tax on the trade. What is this called?

• Quota

• Embargo

• International Trade

• Tariff

This country would be considered more command leaning on the continuum.

• South Korea

• North Korea

• China

• Japan

When a country refuses to trade with another country, it is called this.

• Quota

• Embargo

• International Trade

• Tariff

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

• Mixed economy

• Traditional economy

• Market economy

• Command economy

China, Japan, North Korea, South Korea, and India have this in common.

• They all have command economies.

• They all practice market economies.

• They all have a presidential democracy.

• They all have a mixed economy.

This country encourages its citizens to have entrepreneurships by providing training and loans.

• India

• China

• South Korea

• Japan

When a country places a limit on how much they import, it is called this.

• Embargo

• Tariff

• Quota

• International Trade

This country has the fastest growing economy in the world.

• Japan

• China

• South Korea

• India

This is a measurement of the goods and services that are produced within the country.

• International Trade

• Quota

• Embargo

• Gross Domestic Product