This quiz works best with JavaScript enabled. Home > Development > General > Economic Development – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Development Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is a tertiary industry? A) Provides a service for people. B) Manufactures products. C) Collects or produces natural resources. D) Research and technology. Show Answer Correct Answer: A) Provides a service for people. 2. X. The basic concepts of demand and supply is under the study on microeconomicsY. Understanding how taxes affect both consumers and producers is under the study on macroeconomics A) A. B) B. C) C. D) D. Show Answer Correct Answer: A) A. 3. What makes up the human development index? A) Life expectancy. B) Per capita income. C) Education level and literacy rate. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. The use of knowledge of tools and machines used to make or modify a problem, and improve preexisting solutions to a problem in order to achieve a goal. A) Tools. B) Knowledge. C) Technology. D) Innovation. Show Answer Correct Answer: C) Technology. 5. The international agreement not to mine mineral resources in Antarctica is an example of understanding the need to protect A) Economic interdependence. B) Globalization. C) The environment. D) The scarce population. Show Answer Correct Answer: C) The environment. 6. The European Union has most benefited its member nations by A) Reducing barriers to trade and travel. B) Sharing expense of a common defense. C) Promoting the use of a common language. D) Providing funds and materials for education. Show Answer Correct Answer: A) Reducing barriers to trade and travel. 7. Why are the factories in Mexico close to the border? A) Where the best resources are. B) The geography is best there. C) Easy to ship in and out. D) None of above. Show Answer Correct Answer: C) Easy to ship in and out. 8. Prior to the Industrial revolution, people made household tools, clothing, and agricultural equipment in their homes, which is known as the ..... A) Home-Bound Industry. B) Sustainable Development. C) Fair Trade Industry. D) Cottage Industry. Show Answer Correct Answer: D) Cottage Industry. 9. The value of a particular product compared to the amount of labor needed to make it. A) Development. B) Fair Trade. C) Industry. D) Added Value. Show Answer Correct Answer: D) Added Value. 10. Something that occurs naturally in a region or environment. A) Natural resources. B) Human resources. C) Land. D) Capital goods. Show Answer Correct Answer: A) Natural resources. 11. Which of the following is not a goal of five year plan? A) Growth. B) Equality. C) Land reforms. D) Modernisation. Show Answer Correct Answer: C) Land reforms. 12. Which is the LEDC A) Norway. B) Germany. C) Brazil. D) Central African Republic. Show Answer Correct Answer: D) Central African Republic. 13. What is infant mortality rate? A) The number of infant born in an area. B) None of the above. C) The number of infants who die for every thousand births. D) None of above. Show Answer Correct Answer: C) The number of infants who die for every thousand births. 14. Which of the following is NOT infrastructure? A) Roads. B) Electrical cables. C) Public Parks. D) Air Ports. Show Answer Correct Answer: C) Public Parks. 15. GATT stands for A) Genral Agreement on Trade and Tariff. B) Government Association for Trade and Tariff. C) General Agreement on terms of Trade. D) Government Agreement on terms of Trade. Show Answer Correct Answer: A) Genral Agreement on Trade and Tariff. 16. Norway is an example of a ..... A) LIC. B) MIC. C) HIC. D) NIC. Show Answer Correct Answer: C) HIC. 17. Manufacturing centers that no longer produce with high unemployment and declining population A) Sun Belt. B) Rust Belt. C) Tornado Alley. D) Bible Belt. Show Answer Correct Answer: B) Rust Belt. 18. What type of economic system would be favored by John Keynes? A) Command. B) Market. C) Mixed. D) Traditional. Show Answer Correct Answer: C) Mixed. 19. A country described as an HIC is ..... A) More developed. B) Less developed. C) Newly industrialised. D) Money efficient. Show Answer Correct Answer: A) More developed. 20. Blake and Herman have opened a very successful furniture making factory. They are a part of which economic sector? A) Secondary. B) Tertiary. C) Primary. D) Quaternary. Show Answer Correct Answer: A) Secondary. ← PreviousNext →Related QuizzesDevelopment QuizzesEconomic Development Quiz 1Economic Development Quiz 2Economic Development Quiz 3Economic Development Quiz 4Economic Development Quiz 5Economic Development Quiz 6Economic Development Quiz 7Economic Development Quiz 8Economic Development Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books