Government
The Government/ideology of North Korea
What is autocracy/ Communist?
This country has the strongest economy and highest GDP out of all the focus countries.
What is China?
This is a stoppage of all trade between countries.
What is an embargo?
These countries are autocratic
What is China and North Korea?
Which country is the most lenient to free market based on the economic continuum?
What is South Korea?
One of the biggest factors in trade is the exchange of this thing.
What is currency?
The country is the only presidential democracy in South East Asia
What is South Korea?
This country has the lowest GDP out of any other focus country in South East Asia
What is North Korea
A limit placed on imported goods
What is a Quota?
The only country in South East Asia with a constitutional monarchy
What is Japan?
This is what decides the 3 economic questions in a market economy.
What is supply and demand?
The process in which a country focuses their labor on the production of one specific sector or product.
What is specialization?
This democracy is the most command lenient out of all the democratic focus countries in SEA.
What is India?
This country's service sector makes up more of its GDP than any other country's
What is Japan?
This country's highest export is refined petroleum
What is India?