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Economic Development Quiz 1 (20 MCQs)

Quiz Instructions

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1. ..... was the rate of growth of per capita output per year during the first half of the 20th century
2. Holds that political and economic relationships between countries and religions of the world and limits the economic development of poorer areas.
3. The phenomenon of high technology firms located near other like firms or near research universities is known as
4. The average number of years that a newborn baby is expected to live if the age-specific mortality rates effective at the year of birth apply throughout their lifetime
5. A foreign currency gap occurs when the amount of foreign currency in a country?. The most common cause is when net? are greater than net?
6. Why does Coca-Cola have bottling plants all over the world and not just one major plant?
7. Agrarian economy based on subsistence rather than commercial production (Low production and per capita income)
8. Jaylynn has opened a restaurant serving strawberry desserts. Tien and Marcela are security guards at the restaurant. They all work in the ..... sector.
9. According to Malthus, the fixed factor of production is
10. A Doctor or Lawyer would be in which economic sector?
11. X. Economic development means economic growth and higher standard of livingY. Economic development is equivalent to economic dependence and industrialization
12. The ..... measures a country's income, life expectancy, and education level
13. When was the planning commission set up?
14. These were invented to transport oil. You find them mostly in Alaska, but are now all over North America. They were needed so that transporting oil can take place even in very bad weather. What are they?
15. When did Keynes believe federal governments should be involved in the economics of a nation?
16. Underemployment is a situation where
17. The Human Development Index is on a scale of:
18. What was the name of the 18th and 19th century trade route that shifted goods and people between Europe, Africa, and the Americas?
19. Which statement provides an important reason why countries and regions specialize in their economic activities?
20. Areas within developing countries that offer incentives and a barrier-free environment to promote economic growth.
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