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WorksheetsSouthern and Eastern Asia economy
Total questions: 18
Worksheet time: 9mins
What are the three economic questions that every country must answer?
What to produce, when to produce, for whom to produce?
How to produce, what to produce, for whom to produce?
Mixed
When to produce, how to produce, for whom to produce?
Which country’s economy has the most government control out of all of the countries in the world?
North Korea
South Korea
China
Cuba
How are the three economic questions answered in a traditional economic system?
people
people and government
government
culture and past decisions
In a free market economy, what do private citizens and businesses base their economic decisions on?
culture
supply and demand
government
everything
What type of economic system do most democratic countries have?
Mixed
market
command
Describe how China is moving from a command economic system towards a market one:
more freedoms and rights
less freedoms and rights
They aren't changing. They're still a command.
How has India moved from a command economy to a mixed economy in recent years?
Less government control
More government control
The people have taken over all control and the government is no longer involved
Which country’s government has the least amount of control?
Japan
North Korea
South Korea
China
What type of economic system is found in Japan?
Mixed
Command
Market
Describe South Korea’s economy
It encourages entrepreneurship and is more free
I'm not sure
It is a complete command
Describe North Korea’s economy
Almost completely command
More free than command
Describe North Korea’s economy
Completely Command
Mixed(Command~high)
No government control
Traditional
Which country does not belong?
South Korea
North Korea
Japan
India
Which country does not belong
China
Japan
India
Indonesia
China has the highest GDP out of all of the Southeast Asian countries we have studied
True
False
North Korea’s economy is 100% command
True
False
What do most of the countries in Asia have as their economy type?
Traditional
Command
Mixed
Market
Which countries have a mixed economy
All
Most with the exception of some
None
A few
