Asia Government & Econ Review

What is the definition of human capital?

• the people who make up the work force

• money paid to workers for producing goods

• taxes collected from a country's workers

• the amount of goods sold in foreign trade in a year

What is the definition of Gross Domestic Product (GDP)?

• the amount collected in taxes from the people of a country in a given year

• the total value of goods and services a country produces every year

• the value of all the products a country buys from overseas countries in a given year

• the value of all goods and services produced by small shops and individually owned businesses in a country

If a country does not invest in its human capital, how can it effect the country's GDP?

• GDP may go down because poorly trained workers will not be able to do their jobs as well.

• GDP is only effected if workers pay for the investment out of their own pockets

• investment in human capital has little effect on a county's GDP

• most workers want to keep their jobs just as they are, and do not care about GDP.

What percentage of India's population works in agriculture?

• 25%

• 75%

• 50%

• nearly 100%

How was the Green Revolution an example of investment in human capital in India?

• farmers were given training and new technology to work with

• farmers were encouraged to move into the cities and find better work

• money was provided to build new houses for Indian farmers

• rural children went sent to government schools so they would not have to farm

Where does India rank in the world in terms of industrial production?

• India was once an industrial leader, but has fallen behind in recent years

• India is one of the world's leading industrial countries

• industry is growing in India, but it is not comparable to other countries

• industrial production is low because so many Indians work in agriculture

How did the Four Modernizations effect Chinese agriculture?

• farmers were forced to sell all surplus agricultural products to the government

• many farmers were forced off the land and had to move to cities

• factories involved in heavy industry were moved to rural areas to provide jobs

• the farmers were given better seeds and equipment

How did the Four Modernizations effect Chinese industry?

• most factories shifted to the production of weapons and military supplies

• little money was invested in human capital and instead went into improving agriculture

• many factories began to increase the production of consumer goods that were easier to sell, while also using better technology in factories.

• the Chinese government gave up all control of decision making for the factories

What was the purpose of China setting up Special Economic Zones?

• to act as trade centers for global trade

• to keep all foreign competition out of local markets

• to improve agricultural production in rural areas

• to create places were workers could get special discounts on food and housing

What is a specific way that Japanese companies have invested in human capital?

• by bringing and training foreign workers

• Japanese companies are not interested in investing in human capital

• companies provide benefits like health care and recreation facilities

• by having shorter work days than other countries