7th SS S2 Unit 5: South & East Asia Government & Economics

What can be inferred about trade between China and the U.S. from the graph above?

• China’s economy depends on imports from the United States.

• The U.S. economy would grow if it imported more goods from China than it exports.

• China and North Korea export equal amounts of manufactured goods to the U.S.

• The U.S. economy would be stronger if it exported more goods to China.

Based on the information in the table, if China wants to improve its standard of living, which areas does it need to improve?

• medicine and transportation

• healthcare and education

• transportation and healthcare

• education and safety

Describe Communism 

• Government system where everything is shared
• Government system that is unlimited
• System where the goal is that everyone is equal
• All of the above

Which two countries are communist?

• China and Japan
• China and North Korea
• North and South Korea
• Japan and North Korea

What type of government did Japan establish in the years following WWII?

• Constitutional Monarchy
• Democracy
• Communist
• Theocracy

Describe Communism 

• Government system where everything is shared
• Government system that is unlimited
• System where the goal is that everyone is equal
• All of the above

What is an embargo?

• A government order to stop trade.
• A limit placed on imports.
• A tax placed on imports.

What is a quota?

• A government order to stop trade.
• A limit placed on imports.
• A tax placed on imports.

Limit of the amount (quantity) of a good that can be imported is called a(n): 

• Subsidy
• Quota
• Exports
• Appreciation 

What is an import?

• Goods leaving your country
• Goods being brought into your country
• Goods that are important