This quiz works best with JavaScript enabled. Home > Development > General > Economic Development – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Development Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the BEST definition of an entrepreneur? A) An economist who studies how the economy works. B) A government official who helps regulate the economy. C) A bank manager who decides who should receive a loan. D) A person who invests his or her resources to start a business. Show Answer Correct Answer: D) A person who invests his or her resources to start a business. 2. Newly industrialized countries (NICs) like Brazil and Mexico are considered part of the A) Core. B) Periphery. C) Semi-Periphery. D) External. Show Answer Correct Answer: C) Semi-Periphery. 3. Which are examples of inventions that made life better here in Texas? A) Electric lines. B) The telephone. C) Trolleys. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. What factors affect life expectancy? A) Level of poverty. B) Diet and nutrition. C) Number of doctors. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. A series of links connecting the many places of production and distribution and finally resulting in a finished product that is exchanged at the market. A) Wallenstein's World System Theory. B) Dependency Theory. C) Von Thunen's Model. D) Commodity Chain. Show Answer Correct Answer: D) Commodity Chain. 6. ..... is the total money value of all goods and services produced in an economy during an accounting year. A) Per capita income. B) National income. C) Private income. D) Disposable income. Show Answer Correct Answer: B) National income. 7. Modern concept of sustainable development focuses more on A) Economic development. B) Social development. C) Environmental protection. D) All of the above. Show Answer Correct Answer: A) Economic development. 8. How old is the NAFTA trade deal? A) 10 years old. B) 2 decades old. C) 8 years old. D) 3 decades old. Show Answer Correct Answer: B) 2 decades old. 9. How did developments in communication in the 1900s influence Texas? A) The invention of the telephone helped speed up communication for businesses. B) It helped people to get around quickly. C) They could talk to their family that lived in rural areas. D) None of above. Show Answer Correct Answer: A) The invention of the telephone helped speed up communication for businesses. 10. Model developed based on a three tier structure:core, semi-periphery, and periphery A) Weber. B) Von Thunen. C) Wallerstien. D) Rostow. Show Answer Correct Answer: C) Wallerstien. 11. Which type of economic activities would you most likely find in a newly industrialized country? A) Primary. B) Primary and Secondary. C) Secondary and Tertiary. D) Tertiary and Quaternary. Show Answer Correct Answer: C) Secondary and Tertiary. 12. One characteristic of a Pastoral Stage is ..... A) They only hunt for their food. B) They always have extra food. C) They domesticate animals for food. D) None of the above. Show Answer Correct Answer: C) They domesticate animals for food. 13. Most people in LDCs are engaged in ..... economic activities. A) Primary. B) Secondary. C) Tertiary. D) Quaternary. Show Answer Correct Answer: A) Primary. 14. This model shows how countries can become developed through 5 stages of increased international trade and modernization. A) Rostow. B) Wallerstein. C) Self-Sufficiency. D) Fair trade. Show Answer Correct Answer: A) Rostow. 15. The protection of private property was ranked as the most important factors for encouraging firms to invest in developing economies. A) Macroeconomic stability. B) Political stability. C) Educational standard. D) Barriers to trade. Show Answer Correct Answer: B) Political stability. 16. A snowballing geographical process by which secondary and service industrial activities become clustered in cities and compact industrial regions in order to share infrastructure and markets. A) Agglomeration. B) Deglomeration. C) Supranationalism. D) Syncretism. Show Answer Correct Answer: A) Agglomeration. 17. Which two countries make up the Lucyan archipelago? A) Hati & Dominica Republic. B) Antigua & Bermuda. C) Trinidad & Tobago. D) The Bahamas & Turks and Caicos. Show Answer Correct Answer: D) The Bahamas & Turks and Caicos. 18. Highly organized and specialized system for organizing industrial production and labor; mass production for mass consumption. A) Cottage Industry. B) Fordism. C) Post-Fordism. D) Commodity Chain. Show Answer Correct Answer: B) Fordism. 19. What job sector is teaching in? A) Primary. B) Secondary. C) Tertiary. D) None. Show Answer Correct Answer: C) Tertiary. 20. What are the factories in Mexico called? A) Mariachi. B) Maquiladoras. C) Commercial Factories. D) No factories in Mexico. Show Answer Correct Answer: B) Maquiladoras. ← 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