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Capitalism
Socialism & Communism
Global Economy
China
East Asia
100
A firm that is the only source of a product or service
What is a monopoly
100
political system in support of violent revolution
What is communism
100
A tax put on imported goods
What is a tariff
100
The British ultimately gained control of trade in China through the illegal importation of
What is opium
100
In 1949 the Nationalist party fled to this island
What is Taiwan
200
Rules that determine the market price for goods and services
What is the laws of supply and demand
200
a state in which government officials plan all economic development
What is command economy
200
Name of the primary goals of the Federal Reserve System
What is promote price stability, full employment, economic growth
200
Sun Yixian was the original founder of this post-imperial group.
What is the Nationalist Party (Kuomintang)
200
The area along the 38th parallel between North and South Korea.
What is the demilitarized zone
300
The three factors of production
What is land, labor, and capital
300
This is a political document written by Karl Marx in 1848
What is the Communist Manifesto
300
Interdependence among nations of the world is known as
What is globalization
300
This program marked a failed attempt at industrial and agricultural reform, leading to mass starvation and death.
What is the Great Leap Forward
300
While the United States has improved its relationship with China, it was continued to provide Taiwan with
What are weapons
400
An economic system characterized by private ownership of capital and private investments
What is a free enterprise system
400
The economic plan outlining how the government wants the economy to develop
What is a five-year plan
400
A limit put on the amount of a commodity that can be imported into a country
What is an import quota
400
The Cultural Revolution was a response to Mao's fear that many in his government were turning to __________ rather than Communism.
What is Capitalism
400
This US ally in East Asia is a Republic and has the 13th largest economy in the world.
What is South Korea
500
Adam Smith promoted the concept that government should play only a limited, hands-off role in society. This was known as
What is Laissez-Faire Theory
500
The process of merging private farms into large state-owned agricultural enterprises
What is collectivization
500
This group provides a set of rules for international commerce.
What is the World Trade Organization
500
Any evidence of this 1989 student protest for democracy has censored by the government
What is Tiananmen Square demonstration
500
The term for when an individual uses mass media, propaganda, or other methods to create a heroic, and god-like image
What is cult of personality