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WorksheetsECON 2.3
Total questions: 10
Worksheet time: 10mins
Gross Domestic Product on a per person basis
GDP per capita
Gosplan
Keiretsu
Perestroika
Solidarity
Central planning authority in the former Soviet Union
GDP per capita
Gosplan
Keiretsu
Perestroika
Solidarity
fundamental restructuring of the Soviet economy, introduced by Mikhail Gorbachev
GDP per capita
Gosplan
Keiretsu
Perestroika
Solidarity
independent Polish labor union founded in 1980 by Leck Walesa
GDP per capita
Gosplan
Keiretsu
Perestroika
Solidarity
independently owned group of Japanese business firms united to regulate competition
GDP per capita
Gosplan
Keiretsu
Perestroika
Solidarity
Which country is an example of a capitalist country
Cuba
Venezuela
Singapore
North Korea
What is the main difference between Japanese capitalism and capitalism in the U.S?
Japan's government regulates private firms to keep competition at a minimum
Japan does not permit sale of corporate stock.
Japan has more dedicated and loyal workforce
Japan's government is highly involved in day-to-day business management
What conclusion can be drawn about capitalism in South Korea's economic growth in the late 20th century?
Capitalism can restore a damaged economy
There is no real difference between socialism and capitalism
Socialism can revive an economy over a prolonged period of time.
A transition from capitalism to a command economy can involve struggle
Which of these statements apply to present day Sweden?
It's taxation and unemployment rates are relatively low.
It's unemployment rate and GDP per capita a relatively low.
It's unemployment rate and GDP per capita a relatively high.
It's GDP per capita and welfare payouts are both relatively low.
Which statement describes why the people in a nation with a command economy might resist a shift to a free market economy?
people who hold political power are threatened by fundamental change
Workers are reluctant to give up their participation in a classless society
Workers are reluctant to accept complete government control of their economy
Factory and Business owners are reluctant to place their capital under worker authority
