economic systems
This is the main goal of individuals in a market economy
What is profit?
what are tarrifs, quotas, and embargos called?
what is trade barriers
what increases the GDP the most?
what is investing in machines?
This Asian country's land and water supply are its most valuable resources. It is the seventh largest country in the world and nearly half of the country's large landmass is arable. The country grows many grains and food crops and is one of world's leading exporters of rice.
what is India
What led the United States to enter the Korean and Vietnam Wars?
what is communism
This type of economy blends government control with free markets
what is mixed economy?
Countries focus on producing certain goods to trade; this is called
what is specialization
Why do the nations rely on the use of a system for exchanging currencies in order to trade with one another?
what is because they use different forms of currency
The Ganges River is threatened mainly by this
what is pollution
Which characteristic would most likely be shared by two people who follow the same religion but are different ethnicities?
what is the same rituals
This country is known for being the closest to command economy
what is north korea?
what happens when oil supply is disrupted?
what is prices rise
Specialization allows nations to engage in which of the following?
what is purchasing goods they cannot produce from other nations
As a result of specialization, India has become a leading producer of
what is pharmaceuticals
How did the results of World War II help lead to India's independence from Great Britain?
what is The financial and human costs of the war made it difficult for Great Britain to maintain control of India.
Cranon and olivia live in a small village in china. Their parents are market owners that run a farm to grow their product. Their daughters are most likely going to inherit the farm land and run the business. what economy do Cranon and Olivia most likely live in?
what is traditional economy?
what does GDP per capita measure?
bonus: what does GDP per capita mean?
what is wealth per person?
bonus: gross domestic product per person
The prices of many products and services in China are controlled by what people are willing to pay for them. Many of these products and services are produced by the Chinese public sector.
china has what type of economy?
what is mixed market economy
What factor helped Japan establish itself as one of the world leaders in industrial production during the second half of the twentieth century?
what is the highest investment in capital goods
How did Mohandas Gandhi's time in other countries affect his actions when he returned to India?
what is Gandhi spent time in South Africa during apartheid, and the oppression he witnessed led him to dedicate his life to ending the oppression of Indians
Schools in asia are investing in new textbooks for their students that are proven to heighten test scores for students that use them. In return, this will allow students in Asia to have an opportunity to be accepted into high ranking colleges.
what kind of resource is the textbooks?
Bonus: what kind of investment did Asian schools make and how does this effect the literacty rate and GDP?
what is capital good?
Bonus: what is the investment in human capital heightens the literacy and the GDP making the standard of living higher.
what is it makes them work more efficiently
Explain how investing in education improve a country's economy
what is human capital heightens literacy rate which allows access to better jobs. better jobs creates more increasing the countries GDP and standard of living.
What usually happens when a member of the Organization of the Petroleum Exporting Countries is involved in a war?
what is the prices of oil would increase
Was the US-led rebuilding of Japan after World War II successful? Why or why not?
what is Yes, Japan became a stable democracy with one of the biggest economies in the world.