ECONOMICS
1) Which factor contributes most to the recurring food shortages in Africa?
1) poor distribution of agricultural products 		

2) Which condition is a major obstacle to economic development in the Middle East and Northern Africa
			4)  scarcity of water resources 

3) Singapore and Hong Kong have become major economic powers by taking advantage of their
			4) favorable location on international trade routes 

3) Throughout the 1800’s, Russia was interested in acquiring Turkey mainly because Russia wanted
			2) access to the Mediterranean Sea 

4) A comparison of Japan’s policies before 1945 with the policies in effect after 1945 indicates that
3) territorial aggression is not necessary to secure national economic goals 

5) A study of Japan’s economy since World War II would lead to the conclusion that
1) a. government support of technological advances can improve a nation’s economic position 
2) a. imperialism is necessary form the economic development of a nation 

6) Which situation has contributed most to recent Japanese economic growth?
3) The Japanese government and Japanese businesses have cooperated with each other.  

7) The emergence of Japan as a world economic power has been based mostly on Japan’s
			4) business enterprise and organization 

8) In recent years, which factor has been a major reason for the economic tensions between the United States and Japan?
3) the United States imported more from Japan than it exported to Japan 

9) Since World War II, people in both Africa and Latin America have moved from rural to urban areas. The major cause of this movement has been the
			2) expectation of improved economic opportunities 

10) Which factor best accounts for the existence of cash-crop production as a major form of agriculture in many Central American nations today?
1) demand of world markets for such crops 			

11) Economic development in Japan after World War II and in Communist China since the 1980’s is similar in that both nations have sought to
4) nationalize most major industries and restrict competition 

12) During the 1980’s and 1990’s, the economic policies of China, supported by Deng Xiaoping, have led directly to
			2) an increase in trade with the West 

13) Which statement best explains China’s economic shift toward capitalism in the 1980’s and early 1990’s?
4) communist economic policies were not meeting the needs of the society 

14) One principle in the theory of mercantilism is that colonies should be
	4) acquired as markets and sources of raw materials 

15) Which statement best describes how a command economy functioned in the Soviet Union?
4) A central authority determined the type and quantity of goods to be produced. 

16) To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan. Japan has imposed these limits to develop
		2) a favorable balance of trade 
17) The economic policy of mercantilism first developed during the
1) Age of Exploration 	

18) Statement A: The might of a country consists of gaining surpluses of gold and silver.
Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade.
Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured goods.
Which economic system is being described by these statements? 
	4) mercantile