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.Management Sciences
Category: World Economy (Miscellaneous)
Which statement best describes how a command economy functioned in the Soviet Union ?
A. The laws of supply and demand controlled the economy
B. Trade policies mandated that imports exceed exports
C. The success of the agricultural sector controlled the price of manufactured goods
D. A central authority determined the type and quantity of goods to be produced
Which statement best explains China’s economic shift towards capitalism in the 1980s and early 1990s ?
A. China’s economic policies were directly influenced by the success of the Soviet economic System
B. The Tiananmen Square massacre resulted in Major economic reforms in China
C. The success of the Cultural Revolution resulted in the increased westernization of china
D. communist economic policies were not meeting the needs of the society
Which of the following countries leads the world in the export of oil ?
A. Iran
B. Iraq
C. Saudi Arabia
D. Venezuela
For which agricultural produce, Sudan is famous and which comes under Tropical Grassland Region ?
A. Coffee
B. Millets
C. Barley
D. Cotton
Which factor best accounts for the existence of cash-crop production as a major form of agriculture i many central American nations today ?
A. demand of world markets for such crops
B. lack of modern agricultural technology
C. inadequate supply of water and other natural resources
D. peasant ownership of most farmlands
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