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Asia's Gov. & Econ.

Total questions: 58

Worksheet time: 1hrs 2mins

Name
Class
Date
1.

Which country below is a parliamentary democracy?

a)

China

b)

Vietnam

c)

North Korea

d)

India

2.
What is one of the chief reasons for Japan’s economic success?
a)
Its densely populated cities
b)
Its highly trained workforce.
c)
Its abundant natural resources.
d)
Its leader’s trade skills.
3.

Which nation is a parliamentary democracy, with an emperor who is a ceremonial figurehead only, and a Prime Minister who has the real power in the government?

a)

Vietnam

b)

Japan

c)

North Korea

d)

China

4.
If India chooses not to invest in its human capital, what is the likely result on GDP?
a)
GDP may go up because there will be less government spending.
b)
GDP may go down because there will be more jobs available.
c)
GDP may go up because the literacy rate will rise.
d)
GDP may go down because workers won’t have the education to do their jobs as well.
5.
Why is it necessary for consumers and countries to be able to exchange currency?
a)
Producers want to be paid in their own form of currency since not every country uses the same money.
b)
It makes some countries get wealthy quicker.
c)
The U.S. dollar is the most valuable currency.
d)
It makes things cost less for consumers.
6.
The government of Japan charges a Japanese car dealer a fee for each American car he sells.  This makes American cars more expensive for Japanese consumers.  What is this fee an example of?
a)
quota
b)
embargo 
c)
tariff
d)
subsidy
7.
What must Japan import to support its manufacturing?
a)
electronics and plastics
b)
cars and trucks.
c)
clothing and textiles
d)
raw materials
8.

Japan's figure-head or ceremonial leader has very little power. His title is what?

a)

emperor

b)

president

c)

prime minister

d)

chancellor

9.
China's true head of state has real power. His title is what?
a)
emperor
b)
Presidential
c)
prime minister
d)
premier
10.
The head of India's government (true head of state) has what title?
a)
Emperor
b)
Presidential
c)
prime minister
d)
president
11.

Which best describes the South Korea's government?

a)

monarchy

b)

theocracy

c)

parliamentary democracy

d)

presidential democracy

12.

What is the form of government for the People's Republic of China?

a)

monarchy

b)

presidential democracy

c)

parliamentary democracy

d)

communist state

13.
Which country is the world's largest democracy?
a)
India 
b)
Japan
c)
China
d)
Korea
14.
The economies of China, India, and Japan can all best be described as which of these?
a)
traditional
b)
pure command
c)
pure market
d)
mixed towards market
15.
The economy of North Korea can best be described as which of these?
a)
traditional
b)
mixed strongly towards command
c)
mixed slightly towards market
d)
mixed market
16.
Why do most countries in the world today fall somewhere between a market and a command economy?
a)
Some government control has never been successful.
b)
Government control always makes a market economy more profitable.
c)
Most countries have found they need a mix of free market and government control to be successful.
d)
Most consumers prefer government control to free market.
17.
Why does specialization make trade between countries easier?
a)
There will always be a steady supply of goods on the market so trade is not needed.
b)
Countries can produce what they make best and trade with others for what they need. Plus, no country has all the resources that its people need.
c)
A country’s economy will never go through a difficult time if they specialize in a good.
d)
The competition between countries will not exist.
18.
Why is it important for nations to have a system to convert from one currency to another?
a)
Converting currency makes it possible to buy and sell goods between countries with different types of money.
b)
The dollar is the most valuable currency in the world.
c)
Converting currencies makes goods cost less.
d)
Banks are not able to handle different types of currencies.
19.
In a traditional economy, how are economic decisions made?
a)
Government leaders
b)
Consumers
c)
age-old ways and customs, based on meeting people's needs
d)
A mix of consumers and government leaders
20.
The Japanese economy has to make up for the country’s lack of which of these?
a)
Education
b)
Population
c)
Natural Resources
d)
Fish
21.
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
22.
Scenario: India may only export 10,000 cotton sheets to Japan. What trade barrier is this?
a)
Tariff
b)
Quota
c)
Embargo
d)
Physical trade barrier
23.
Scenario: The US refuses to trade with any countries that support terrorism. What trade barrier is this?
a)
Tariff
b)
Quota
c)
Embargo
d)
Physical trade barrier
24.
Scenario: Importers selling rice from Vietnam will be charged a 10% tax when their product enters South Korea. What trade barrier is this?
a)
Tariff
b)
Quota
c)
Embargo
d)
Physical trade barrier
25.
Jobs leaving the United States going to be done more cheaply in India and/or China would be an example of what?
a)
armistice 
b)
outsourcing
c)
typhoon
d)
caste system
26.
What are the three economic questions?
a)
What to produce? How to produce? For whom to produce?
b)
Who to produce? Why you produce? Like to produce?
c)
Why to produce? Tell who to produce? Things to produce?
27.
Goods brought into a country are called what?
a)
currency
b)
imports
c)
exports
d)
exchange rate
28.

Today, China has moved to the position of having the largest economy in the world today.

a)

True

b)

False

29.
India has invested in capital resources, but it still struggles with a poor infrastructure... bad roads, sewer, power, and water systems, etc.
a)
False
b)
True
30.
All economies are mixed as they all contain at least parts of two economic systems.
a)
True
b)
False
31.

Of the countries we have studied (China, North Korea, South Korea, India, & Japan), what is the only one that is struggling economically?

a)

China

b)

North Korea

c)

India

d)

Japan

e)

South Korea

32.
Due to Japan having to import raw materials, what factor of production is this part of?
a)
Human Capital
b)
Capital Resources
c)
Natural Resources
d)
Entrepreneurship
33.

Countries benefit by specializing in the production of a limited number of goods.

How does this situation encourage trade among countries?

a)

Since a country cannot produce all of its needs, it makes sense for it to specialize in what it can produce efficiently, then trade with another country that specializes in what it needs.

b)

It does not encourage trade because all countries can produce whatever they want.

c)

Countries have unlimited resources so they don't need to specialize.

d)

Because it makes it more difficult to get the goods people in a country need.

34.
When a country or individual produces product(s) that they are good/better suited for producing, this is called what?
a)
international trade
b)
specialization
c)
exchange rate
d)
trade barriers
35.
This country lacks many natural resources, yet it has one of the strongest economies in the world. What country is it?
a)
China
b)
India
c)
Japan
d)
North Korea
36.
Bartering is commonly found in what economic system?
a)
Market
b)
Command
c)
Traditional
37.
India's push to increase literacy in English and strengthening education among the younger generations is evidence of what factor of production?
a)
Human Capital
b)
Capital Resources
c)
Natural Resources
d)
Entrepreneurship
38.
Both India & China have a figure-head with what title? They do not have any real power in the government.
a)
prime minister
b)
premier
c)
emperor
d)
president
39.

In this country, the people are allowed to vote, yet their vote does not really signify a choice. This country states they have these rights (like freedom of religion) in the constitution, but they are often violated by the government.

a)

India

b)

China

c)

Japan

d)

South Korea

40.
During our occupation of Japan, the USA worked to rebuild its roads, sewer, water, and power systems, etc. All of these are examples of investment in what factor of production?
a)
Human Capital
b)
Capital Resources
c)
Natural Resources
d)
Entrepreneurship
41.
Both China & India work to support those people wanting to start a business in these countries. This is an example of investment in what factor of production?
a)
Human Capital
b)
Capital Resources
c)
Natural Resources
d)
Entrepreneurship
42.
Tariffs, quotas, & embargoes are all examples of what?
a)
specialization
b)
international trade
c)
trade barriers
d)
exchange rate
43.
What type of economic system is characterized by the government owning most of the industries in the country?
a)
Market
b)
Command
c)
Traditional
44.
In which type of economic system do producers & consumers answer each of the economic questions?
a)
Market
b)
Command
c)
Traditional
45.
What activity would be most widely found in a traditional economic system?
a)
Plantation Farming
b)
International trade/service industries
c)
Manufacturing
d)
Barter/subsistence agriculture
46.
Goods that are sent out to another country for sale to consumers there are called what?
a)
currency
b)
exchange rate
c)
exports
d)
imports
47.
Trade between different countries is called what?
a)
currency
b)
exchange rate
c)
international or global trade
d)
exports
48.
The form or unit of money used in a country is called what?
a)
currency
b)
specialization
c)
exchange rate
d)
international trade
49.
What is the total value of each product sold in a country divided by the total number of people in that country?
a)
Exchange Rate
b)
Literacy Rate
c)
Population Density
d)
Per Capita GDP
50.
India is being held back by its lack of natural resources; it must often import its needed raw materials.
a)
False
b)
True
51.
The comparison of one country's currency relative to its value in another country's currency is known by what name?
a)
export
b)
supply and demand
c)
international trade
d)
exchange rate
52.

China is a nation with many different natural resources. What term BEST describes how China produces so many types of goods for sale (so cheaply) by using its very large human resource (workforce)? SS7E2/6/9.a.

a)

scarcity

b)

specialization

c)

trade barriers

d)

interdependence

53.

Use the image to respond to the statement.

Identify the South or East Asian country that the X on the economic continuum represents. E.7.c.

a)

China

b)

South Korea

c)

North Korea

d)

India

54.

Israel has a very active, dynamic economy including private control over agriculture, manufacturing, service industries, and entrepreneurship. Israel's government owns most of its land controlling energy production, pricing over food and banking, immigration, as well as, national security. Based on this, what word BEST describes its economy? E.1/4/7.b

a)

mixed economy

b)

pure command

c)

pure market

d)

interdependence

55.

Before the mid-1980's, India's economy was mainly run by the government; slowly, it changed allowing producers and consumers to answer the economic questions. Today, where does India's economy exist along the economic continuum? E.1/4/7.a

a)

toward command

b)

toward traditional

c)

toward one-crop

d)

toward market

56.

Given the overall economic rights given in China, what word below BEST describes China's economic system? E.7.a

a)

market

b)

command

c)

one-crop

d)

traditional

57.

Use the table to answer the question.

What category would BEST describe the role of citizen participation in the governments of these countries? CG.4.a.

a)

autocratic

b)

democratic

c)

oligarchic

d)

monotheistic

58.

Use the table to respond to the statement.

Pick the MOST ACCURATE statement based on the information in the chart that correctly identifies the role of citizen participation in these Asian governments.

a)

South Korea has a monarch who is not elected by the people and who has absolute power.

b)

The people of both Japan and India elect legislators who in turn elect the leaders for their countries.

c)

China's people engage in free, democratic elections where they may vote for whomever they choose.

d)

Both South and North Korea have autocratic governments where citizens are unable to effectively change their government by voting for different representation.

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