Southeast Asia Economic Systems

Which of the following is a valid statement of water resources impacting the economy of Southeast Asia?

• Many people in the Philippines work in the fishing industry.

• Singapore uses its location on the Malay Peninsula to trade all across the globe.

• Tourists flock to Vietnam for their beautiful beaches and scenery.

• All of the above

Which industry is a main industry in East and Southeast Asian countries due to cheap labor?

• Agriculture

• Manufacturing

• Technology

• Tourism

Manufacturing is the main industry in East and Southeast Asia, because -

• of recent genocide

• the Korean War

• Genghis Khan

• labor is so cheap

Which two countries have recently moved away from command economies to incorporate some aspects of free enterprise?

• Japan and South Korea

• China and Vietnam

• North Korea and South Korea

• China and Japan

Which Southeast Asian country is known for its mixed economic system, combining elements of both capitalism and socialism?

• Thailand

• Vietnam

• Singapore

• Malaysia

What is a significant economic activity in the Mekong River Delta that supports the economy of Vietnam?

• Oil drilling

• Rice farming

• Textile manufacturing

• Tourism

Which Southeast Asian country is a member of OPEC and has a significant portion of its economy based on oil exports?

• Indonesia

• Thailand

• Philippines

• Malaysia

What is the primary reason for the rapid economic growth in Singapore?

• Abundant natural resources

• Strategic location and trade

• Large agricultural sector

• High population

Which Southeast Asian country is known for its significant electronics manufacturing industry?

• Laos

• Myanmar

• Vietnam

• Brunei

What economic system is primarily practiced in North Korea, contrasting with most Southeast Asian countries?

• Capitalism

• Socialism

• Command economy

• Mixed economy