Government
Why is North Korea considered an autocratic country?
Ruled by a single person who has absolute power
What is a major difference between the rights of citizens in Japan and China?
The citizens in Japan have more personal freedoms than in China
A country that specializes in producing crude oil would be the best trading partner: Yes or No
Yes
Why is investing in new machinery and updating industrial equipment important to the Japanese economy?
Manufacturing is one of the largest sectors of the Japanese economy
How are elections in India and South Korea similar or different?
In India the head of government is elected by the legislature. In South Korea the head of government is elected in a general election.
Mixed Economy refers to an economy with both
Market and Command elements
What are tariff and quotas used for?
To protect domestic industries
Explain why Japan has a high gross domestic product when it has few natural resources
Japan has invested in capital goods and human resources to make it a larger producer of finished goods for trading
What type of government citizens have direct role in selecting the head of government?
A Presidential Democracy
What is the motivation for economic activity in a free such as South Korea's economy?
Gives individuals to make at a profit
Which situation would a currency exchange be necessary?
A business in Japan buys artmobile parts from a business in China
Does natural resources play a key role in economic development? Yes or No
Yes
Describe a parliamentary democracy
A democracy in which the legislature creates and enforces laws
In comparison to India and China which country has a greater impact in terms of voting? India or China
India
A country with a high standard of living will a high ?
Literacy Rate
How did entrepreneurs in China help achieve rapid economic growth in the late 20th century and early 21st century?
They increased new job opportunities within the private sector
What nation in South East Asia citizens play the least role in deciding who the rulers are and what decisions are made?
North Korea
Is it easier to start a business in South Korea? Yes or No and explain your your answer
South Korea has economic freedom
$38, 900 GDP means the country has a high ?
Literacy Rate